... Precious Metals Exchange is viewed as an important alternative to Western platforms like the London over-the-counter gold market (LBMA) and the COMEX exchange in New York. Following the imposition of sanctions in 2022, the LBMA excluded all Russian refineries from its list of accredited suppliers, effectively depriving them of the ability to sell gold on the world's largest market. Simultaneously, the European Union banned the import of Russian gold. These restrictions have significantly stimulated ...

... rubles/ton), creating additional pressure on independent gas stations and consumers. The causes are a combination of seasonal factors — high summer demand (including from agricultural producers and tourists) — and supply constraints. Several oil refineries paused operations for scheduled repairs in June and July, reducing gasoline and diesel production. Moreover, some major players, as identified by the Federal Antimonopoly Service (FAS), reduced sales volumes on the exchange: FAS initiated a ...

... 75,000 rubles/ton), creating additional pressure on independent filling stations and consumers. The causes include a combination of seasonal factors (increased summer demand from agricultural and tourism sectors) and supply constraints. Several oil refineries halted part of their capacity for scheduled repairs between June and July, reducing gasoline and diesel production. Additionally, certain major players, as determined by the Federal Antimonopoly Service (FAS), significantly decreased fuel sales ...

... owners). The profitability of this segment depends on whether Wildberries can purchase fuel on the exchange, where prices are significantly lower than in wholesale. Additionally, in Russia, unlike many European countries, excise duties are paid by oil refineries, not gas stations, which also benefits fuel retail. Overall, the company is desperately looking for new opportunities to increase the profitability of its core business. This is rational behavior, but a real improvement in the situation ...

... while imports have decreased by almost 30% (from 9.2 million to 6.5 million barrels per day)," the expert added. However, according to Tereshkin, gasoline prices are still strongly correlated with the price of oil, partly because most of the oil refineries in the U.S. are located on the Gulf of Mexico coast, while a major demand center remains the East Coast states, which are large importers of fuel. In 2023, 52.6% of the retail gasoline price was attributed to the cost of oil; refining costs ...