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Why do Turkey and Russia need their own gas hub
... the Istanbul Gas Index will be used at the trading center. “Now, when Russia sells its gas, it will say: ‘I am selling this gas based on the Istanbul Gas Index formula,’” added Bayraktar.
He also mentioned that Russian President Vladimir Putin confirmed to Turkish President Recep Tayyip Erdoğan that he would instruct Gazprom on this matter.
The idea of creating a gas hub in Turkey initially belonged to Russia and was announced by President Putin in 2022 amid Western sanctions and ...
IPO in Russia at 21% rate: what to expect in the near future?
... 21%, which significantly complicates the situation on the stock market. In the context of such a high rate, many investors prefer safe and liquid instruments, such as deposits, which negatively affects activity on the stock market. President Vladimir Putin has announced the need to double the capitalization of the stock market, but current conditions significantly complicate the implementation of this task. Let's consider how the rate increase affects the IPO, what expectations companies and investors ...
Key Economic and Investment Events on November 23, 2024
... December. Consumer prices rose by 0.37% over the past week, bringing the annual figure to 7.4%, which is close to the Central Bank's forecast of 8.0–8.5%.
Reuters
2. Legislative Initiatives:
President Signs Several Laws: President of Russia Vladimir Putin has signed a law halting debts on loans up to 10 million rubles for participants of the special operation if the enforcement proceedings were initiated before December 1, 2024. Laws concerning fines for document forgery for migrants and administrative ...
Experts assessed the impact of the increase in fuel excise taxes on gas station prices.
... and their indexation is aimed at supporting regions that may face financial difficulties.
Starting in 2025, excise taxes on gasoline and diesel fuel (DF) will increase by the expected inflation rate. The law was signed by Russian President Vladimir Putin. The law also mentions the planned increase in excise taxes in 2026 and 2027.
In 2025, excise taxes will rise by 4.7%. For fifth-class gasoline, the excise tax rate will be 15,755 rubles per ton starting January 1, 2025, increasing to 16,385 ...
Russia has found a way to maintain gas supplies to Europe bypassing sanctions.
... will allow Europeans to circumvent US sanctions, which since December 20 could, in effect, stop Gazprom's fuel supplies to the EU both through Ukraine and the "Turkish Stream." What kind of scheme is Russia offering?
President Vladimir Putin signed amendments to the decree on gas payments in rubles from March 31, 2022, for "unfriendly" countries.
“Russia is making a significant gesture to Europeans to prevent a halt in gas supplies from December 20. Unlike the US, which ...