... situation with exports and imports amid sanctions and price restrictions on raw materials. It is expected that Russia will maintain a trade surplus thanks to energy exports; however, its size may have decreased due to falling oil prices and reduced physical sales volumes. Investors will assess this data in the context of the stability of the ruble and budget revenues: a weaker export flow may increase pressure on the national currency and government finances, while a steady inflow of foreign currency earnings ...

... As of the first half of this year, the indicator grew another 13%. The total trading turnover of the platform since 2021 has reached 12.9 billion rubles, and the number of users exceeded 3,000. Open Oil Market is an independent B2B marketplace (sales from legal entity to legal entity) selling oil products and other raw materials. The company started full-scale operations in 2021. The most in-demand product on the platform is diesel fuel, which accounts for 75% of sales. Gasoline makes up another ...

... volume of primary oil processing and fuel production is being increased at several refineries,” the statement noted. “In light of the export ban on gasoline, any additional volume of fuel supply will be directed to the domestic market through all sales channels — with priority given to exchange sales and small wholesale ‘in the market’.” Forbes reached out to the Ministry of Energy for further comments but did not receive a response by the time of publication. Drone Attacks Experts interviewed ...

... Tereshkin examines the pivotal economic events slated for Thursday, December 5, 2024. The article delves into significant macroeconomic indicators, including Switzerland's unemployment rate, Germany's manufacturing orders, and the Eurozone's retail sales figures. A focal point is the OPEC+ meeting and its potential ramifications on global oil prices and the Russian economy. Additionally, the piece evaluates the U.S. trade balance, initial jobless claims, Canada's Ivey PMI, and the EIA's natural ...

... July Central Bank decision, stabilized around 80 ₽ per $1. The key rate cut by 200 bps only moderately reduced the attractiveness of ruble assets – outflows of speculative capital were small, as this step was expected and already priced in. The sale of export currency earnings and selective interventions by the regulator smooth out fluctuations, providing relative stability for the ruble even with a shrinking interest rate differential. Volatility in the Russian currency market has significantly ...