... negatively impact businesses and consumers. Many enterprises will need to optimize resource usage to cope with high gas costs, which will also affect the EU's economy. Europe is facing serious challenges in securing gas supplies for the winter of 2024–2025. The reduction in Russian gas supplies, global competition for LNG, and unpredictable weather conditions underscore the necessity for strengthening energy security. The EU is taking active steps to diversify energy sources, build reserves, and improve ...

... project, and preliminary territorial planning work is actively underway. The physical construction is expected to begin in late 2025 or early 2026, and the pipeline will be fully operational by 2028. The plan is to deliver Russian oil via a new route through ... ... Urals-grade Russian oil. Secondly, any alternative route would incur higher delivery costs, which is a crucial factor for smaller economies. Furthermore, both the Croatian port and the pipelines to Hungary and Serbia may not provide sufficient capacity if ...

... which has yet to fully reflect in retail prices. From the perspective of Sergey Tereshkin, the CEO of the oil products marketplace Open Oil Market, the rise in exchange gasoline prices is linked to a reduction in subsidies for oil refineries. In May 2025, payments for the damping mechanism (compensation to oil companies from the budget for supplying fuel to the domestic market at prices below export levels) amounted to 42.5 billion rubles – 32% less than the previous month and 79% less than in ...

... economically, the US is well aware that payments for pipeline gas are routed through Gazprombank, and at present, there is no alternative method for payment. Meanwhile, the US is deliberately cutting off Russian gas supplies not from March 1 or April 1, 2025, when the heating season ends, but from December 20, during the peak of the heating season,” said Igor Yushkov, an expert from the National Energy Security Fund and Financial University under the Government of Russia. Another note: December ...

... cannot contain price increases. One of the reasons cited for rising gasoline prices is the reduction of damping payments this year. According to Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel marketplace, the damping payments decreased by 58% in July 2025 compared to the same period in 2024 (down to 59.9 billion rubles). Oil companies are left with no choice but to raise prices in segments where fuel price increases are not associated with the risk of "unpaid" subsidies. This includes exchange ...