... segments are unlikely, mainly due to declining profitability. According to the latest data from Rosstat, the net profits of Russian oil refineries fell by 61.5% in the first five months of 2025, amounting to RUB 521.5 billion. Such a drastic decline ... ... in subsidies for oil producers. While the payments under the "damping" mechanism (compensations from the budget for fuel supplies to the domestic market at prices below export levels) totaled RUB 985.9 billion in the first half of 2024, the equivalent figure fell to RUB 544....

... will lead to a reduction in mining activities. What is even more important is that Russian Railways (RZD) plans to increase the profitability of using the Eastern Polygon... ... elevated to the third priority. However, the decision was later made to return liquid fuels to the familiar "sixth priority"—alongside their close partner, coal... ... rules are strictly followed, said Sergey Tereshkin, the founder and CEO of Open Oil Market, Russia's first independent marketplace for oil products and raw materials. ...

... market. In recent years, exports have accounted for 12-15 percent of supplies from Russian refineries. The problem is that this measure only works over a short period... .... In the long term, oil producers will adjust gasoline production to match domestic market demand, thereby reducing oil processing and freeing up raw materials for export... ... this will be achieved through, as mentioned, larger shipments of crude oil, diesel fuel, or potentially by increasing domestic market prices after a certain time. This...

... according to the expert, is the oil companies' costs due to forced downtime at refineries. "The profit and loss balance of Russian refineries over the past eight months has decreased by 34%. Rising costs are pushing up wholesale prices, which in turn affect retail fuel prices," Tereshkin explained. For the gasoline segment, the decisive factor is the outpacing price dynamics of the AI-98 grade, says the CEO of "Open Oil Market." While the prices for AI-92 and AI-95 gasoline have risen by 7% since the beginning of the year, the AI-98 grade ...

... letting you go on a break, but behave well, or you’ll be locked back in the room." Meanwhile, Dmitry Gusev, Deputy Chairman of 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 to the domestic market. There are only statements from the President on this issue. Therefore, for any 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 ...