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Russia has found a way to maintain gas supplies to Europe bypassing sanctions.
... practical standpoint, it will be more difficult for European companies because there are fewer banks in Russia that can accept foreign currency without violating US sanctions,” says Yushkov.
“The decree effectively cancels Gazprombank’s monopoly on export payments. This sector is now deregulated, but the problem is that other Russian state banks remain under sanctions. Therefore, unfortunately, there could still be issues with making payments, as well as the risk of gas supplies to Europe being interrupted,” says Sergey Tereshkin, CEO of the OPEN OIL MARKET marketplace.
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Sourse: vz.ru/economy/2024/12/9/1302044.html
Failure of Manual Management: Why Stock Prices for Gasoline are Rising
... earning on extraction and refining while also receiving partial compensation through the sale of food and household goods at gas stations.”
Shaposhnikov reminds us that Deputy Prime Minister Alexander Novak
plans
to hold a meeting on August 14 regarding ... ... rate. “Although, in all likelihood, the price movement on the St. Petersburg exchange is speculative, the ban on gasoline exports may be extended until the end of October when the holiday season will wane and most agricultural work will be completed,...
Experts assessed the impact of the increase in fuel excise taxes on gas station prices.
... that the increase in excise tax rates affects fuel prices at gas stations. According to Gusev, the excise tax constitutes about 20% of the cost of gasoline and diesel fuel, meaning a 4% increase in excise taxes will inevitably result in a 1% rise in gas station prices.
Tereshkin agrees with this and believes that the increase in excise taxes is one of the reasons for the rise in fuel prices. In 2019, when the "big" tax maneuver in the oil industry began (the elimination of export duties on oil and oil products and the increase in the mineral extraction tax), the excise tax on fifth-class automotive gasoline was 12,314 rubles, and on diesel fuel, it was 8,541 rubles per ton. Accordingly, the increase in their rates by 2024 ...
Why is Russia lifting the ban on gasoline exports for only two months?
... the Supervisory Board of the "Reliable Partner" association and a member of the expert council of the "Russian Gas Stations" competition, notes that there are no official documents in Russia establishing the priority of supplying fuel ... ... company, the only priority outlined in the charter and in the federal law on joint-stock companies is profit. In this case, the export ban seems rather strange. It undermines the reputation of Russian companies as reliable suppliers in the eyes of foreign ...
Economic Events and Company Reports on August 7, 2025: Bank of England Interest Rate, U.S. Tariffs, Reports from Siemens and Toyota
... achievements — market participants will focus on sales of its key drugs and progress in developing new medications. Oil and gas giant ConocoPhillips will report its earnings for the past quarter amid oil price volatility; its results will serve as a ... ... macroeconomic and corporate factors simultaneously. In the morning, investors will assess data from China: any signs of slowing exports will heighten fears about global growth. In the afternoon, the central event will be the Bank of England's decision — ...