... minus production and transportation costs. The introduction of AIT coincided with a major tax maneuver launched in 2019, which was no coincidence. The Ministry of Finance aimed to bring additional funds into the federal budget by gradually zeroing out export duties in exchange for a proportional increase in MET. AIT became a sort of bargaining chip, introduced in 2019, offering oil companies the opportunity to reduce their tax burden for depleted West Siberian fields and new fields in East Siberia requiring substantial infrastructure investments. In turn, AIT allowed the Ministry of Finance to partially address the issue of ...

... potentially risky move by industry experts. Ekaterina Kosareva, managing partner at VMT Consulting, reminded that Russia currently exports about 4 million barrels per day, with China and India nearly dividing these volumes evenly. "I wouldn't rule out ... ... Kasatkin, India will maintain its neutrality, but the EU's pressure on refineries is an attempt to limit the processing of Russian oil into products that would then be sold to third countries, including Europe through blending. Igor Yushkov, an expert at the ...

... the United States and Qatar. The main buyers of Russian gas, besides Europe, are China and Japan, but a significant part of exports is still directed to Europe, especially to countries with developed infrastructure for receiving LNG, such as Spain, Great ... ... impact consumers and producers, increasing the cost of their products and services. As the author of this article and CEO of Open Oil Market, I believe that such a replacement will require significant investments in infrastructure and will be accompanied by ...

... weakened support for the national currency, and last week the exchange rate fell to around ~80 rub/$ amid balancing between high export revenues and geopolitical risks. On Tuesday, market participants anticipate decisions from the Ministry of Finance and ... ... demonstrating resilience due to high commodity prices and strong earnings reports from several companies. External signals (oil price dynamics, global market sentiments) and internal factors (financial results from Russian issuers for the first half ...

... 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 May 2024. The reduction in subsidies leads to a decline in oil refining margins. In this situation, oil companies have no choice but to compensate ...