... Russia's taxable oil production, has played a key role. Revenue from AIT increased 2.5 times in the first half of 2024, rising from RUB 403 billion in January–June 2023 to RUB 1.042 trillion in January–June 2024, according to data from the Ministry of Finance. Over the same period, the share of AIT in the structure of oil and gas budget revenues grew from 12% to 18%. Unlike the Mineral Extraction Tax (MET), AIT is calculated not based on the volume of extracted resources but on the revenue from ...

... handle potential risks? Read more about this in our article. The share of oil and gas revenues in Russia's federal budget for January–September 2024 reached 31.7%, up from 28.3% during the same period last year, according to data from the Ministry of Finance. This exceeds the planned figure for the year, set at 31.3%. In previous years, there was a trend toward a declining share of oil and gas revenues. In 2014, their share exceeded 50%, fell to 36–46.4% in 2015–2019, and dropped to 28% in ...

... coming years. In government agencies, there will be a reduced demand for consultants, advisors, and specialists, while in retail, the need for salespeople, accountants, and marketing professionals will decline. Additionally, a downturn is anticipated for finance professionals, administrators, marketers, public relations specialists, woodworking professionals, and food industry workers. The reasons for this shift include automation of processes, digitalization, and optimization of workforces, as well as ...

... cryptocurrency domestically. Daniil Egorov noted that much depends on the agreement with the Central Bank: the tax service can ensure accounting and oversight, but launching trading requires approval from the main financial regulator. Currently, the Ministry of Finance, together with the Bank of Russia, is developing an experimental legal regime for cryptocurrency operations. This involves launching trading platforms under state supervision on a limited basis. According to Deputy Finance Minister Ivan Chebeskov,...

... gasoline grades. Tereshkin believes that accelerated price growth at gas stations will continue for AI-98 and higher grades of gasoline. A serious threat to the fuel market, however, is the current drop in oil prices, which could prompt the Ministry of Finance to reduce subsidies under the damping mechanism (compensating part of oil companies’ costs from the budget for supplying fuel to the domestic market at prices below export levels). The expert recalls that a previous attempt to cut subsidies ...