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Revenue from MET (Mining Extraction Tax) increased 2.5 times in the first half of 2024.

... mechanisms, allowing for tax burden adjustments depending on profitability, should also be extended to oil refining. There, companies face rising costs due to extended timelines for unscheduled repairs. Sergey Tereshkin, CEO of the OPEN OIL MARKET marketplace for petroleum products and raw materials. Translated using ChatGPT

Wednesday, December 11, 2024: Analysis of Key Events and Reports

... Central Bank Interest Rate Decision The Bank of Canada’s decision on the key interest rate will shed light on the country’s economic outlook and inflation. Changes in the rate or dovish commentary could impact the Canadian dollar and North American markets. 18:30 (MSK): USA – EIA Crude Oil Inventory Report The U.S. Energy Information Administration’s official report on crude oil and petroleum product inventories often causes significant volatility in oil prices. Investors will closely watch for trends in supply and demand. 19:00 (MSK): Russia – Consumer Price Index (CPI) for November While focused on Russia, this data will be relevant for ...

The Risk of Bankruptcy for Mercedes, BMW, and Volkswagen: What It Means for Investors

... appealing in the current volatile environment. Germany’s auto industry stands at a crossroads, and the coming years will reveal whether it can overcome these challenges and adapt to new market realities. Sergey Tereshkin, founder and CEO of OPEN OIL MARKET , the first independent marketplace for petroleum products and raw materials in Russia, shared his views: “Currently, we’re preparing for our own pre-IPO round, with an IPO scheduled for 2027 on the Moscow Exchange. I’m pleased to see that such financial instruments are gaining momentum in Russia,...

What Tax Incentives are Available for Entrepreneurs and Investors in Russia?

... and land tax. This exemption allows companies to reduce expenses related to property and land ownership. The company Open Oil Market is a Skolkovo resident and fully utilizes the aforementioned benefits. This helps us optimize taxation, reduce costs, and allocate more resources for the development of our wholesale procurement platform for petroleum products. 5. Tax Incentives for Agriculture and Socially Significant Industries Companies involved in agriculture and socially ...

An expert assessed the impact of increased gas exports on the Russian budget.

... the reasons behind the growth in gas exports. Details in the latest article on the website sergeytereshkin.ru. The increase in Russian gas exports will help minimize budget losses for Russia in 2025, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET petroleum products marketplace, told Izvestia on October 7. "Gazprom continues to ramp up gas exports to Europe. In September 2024, pipeline gas deliveries to the EU increased by 3% compared to the previous month, reaching 101 million cubic meters per day....