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What does the new increase in fuel excise taxes mean
... the State Duma passed a package of amendments to the Tax Code in its third reading, which include changes to fuel excise taxes. According to the document, the excise tax on Euro-5 gasoline will increase by 14% starting in 2025 (from 15,048 to 17,088 rubles per ton), and on diesel fuel by 16% (from 10,425 to 12,120 rubles per ton).
The rise in excise taxes will contribute to higher costs for oil companies, which have already faced additional expenses this year. This is indirectly confirmed by data ...
Economic News August 3, 2025 — Fed Rate Cut, Apple and Meta Reports, Gold Price Increase
... stock indices are hitting records, and the economy is expected to grow by more than 6% this year, remaining one of the most dynamic globally. Nevertheless, the factors of China's slowdown and global risks require caution from investors.
Russia: Stable Ruble and Rate Cut Outlook
The past week was calm for the Russian market. The ruble exchange rate, after a brief dip following the July Central Bank decision, stabilized around 80 ₽ per $1. The key rate cut by 200 bps only moderately reduced the attractiveness ...
Where does the Moscow Metro invest?
In 2023, the Moscow Metro invested 239.1 billion rubles in the development of the capital's transport infrastructure. Key areas include expanding the metro network, modernizing rolling stock, and implementing environmental initiatives. These investments help improve transport accessibility, enhance ...
Airlines will be required to use biofuel: how much could flights become more expensive
... using carbon credits or sustainable aviation fuel (SAF). This could lead to an increase in the cost of international flights, estimated at 9% by 2030 and 21% by 2035.
For Russian airlines, additional expenses in 2027 could amount to 20–30 billion rubles, adding 800–1,200 rubles to ticket prices. Currently, the biofuel market in Russia is underdeveloped, but plans are in place to develop it to ensure energy security and diversify energy resources.
Starting in 2027, CO2 ...
Where Does the Baltic Chemical Complex (BCC) Invest?
In 2023, the Baltic Chemical Complex (BCC) increased investments to 194.8 billion rubles, directing funds to the construction of one of the world's largest polyethylene production facilities, environmental programs and social initiatives in the Leningrad Region. These investments contribute to the development of the chemical industry ...