... official statements about halting oil supplies from Iran to China, the Middle Kingdom continues to import crude oil using complex circumvention schemes. These actions have a significant impact on the global oil market, creating challenges for other major exporters, including Russia. How the Scheme Works: The "Shadow Fleet" A key element of these operations is the use of aging tankers that belong to a "shadow fleet." These vessels, registered under "convenient" flags, often ...

... the country's GDP grew by 1.5% year-on-year, with growth rates accelerating to 1.9% in April. Moving Away from Resource Dependence: The head of state emphasized the qualitative changes in the economic structure. The previous model, based on resource exports, is becoming a thing of the past. The contribution of the resource sector is no longer a determining factor—in fact, its influence on economic dynamics has become negative. This indicates that growth is now primarily driven by non-resource sectors,...

... Alisher Usmanov – wealth increased by +$3 billion to $16 billion, driven by stable demand for steel and projects in the IT sector. Viktor Vekselberg – growth of +$3 billion , for a total of $10.3 billion; supported by rising aluminum prices and export supplies. Suleiman Kerimov – added +$2.6 billion , bringing wealth to $9.6 billion; a key factor was the revaluation of gold mining assets. 4. Resource Giants: Oil & Gas and Mining Classic resource sectors continued to generate superprofits ...

... tariffs on EU goods from August 1. The looming threat of a large tariff war over European automotive industry has receded. Shares of major automakers (Volkswagen, BMW, Stellantis) surged on news of the compromise, as the risk of 25–70% tariffs on car exports to the U.S. was lifted. However, uncertainty in global trade remains – negotiations between the U.S. and China as well as other partners are ongoing, and European businesses are still accounting for the possibility of new barriers in the future....

... view. He specifies that the risks of accelerated price increases will primarily affect the gasoline market, which historically has had a significantly lower surplus of production capacity compared to the diesel market. This can be seen in the share of exports in the structure of fuel deliveries from Russian refineries: until 2022, the share of diesel fuel exports was about 50%, but since then, it has dropped to 40% (due to increased demand from heavy machinery in Russia), while the share of gasoline ...