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The oil market will become oversupplied by the end of 2024.
... portal the reasons behind the increase in supply.
"First, the easing of OPEC+ quotas will play a significant role. According to the schedule published after the June ministerial meeting of OPEC+, Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Oman, and Algeria will increase quotas by more than 540,000 barrels per day by December 2024 compared to the levels set for the June-September 2024 period. The largest quota increases will be seen in Saudi Arabia and Russia (by 250,000 barrels ...
Growth of the Wealth of the Richest Businessmen in Russia in 2025: A Detailed Analysis of Capital Dynamics
... active implementation of digital services allowed entrepreneurs to mitigate regulatory risks.
6. The Role of Sanctions and Internal Reforms
Despite ongoing sanctions pressure, business empires managed to adapt by:
Reengineering supply chains through Kazakhstan, the UAE, and Turkey.
Actively using the yuan and rupee in foreign transactions.
Internal import substitution, particularly in the machinery and IT service sectors.
7. Social Responsibility and Reputational Risks
In the context of increasing ...
Redomiciliation: What It Is, How It Is Used, and Examples from the Russian Market
... Islands, Seychelles) have started relocating their jurisdictions to Russia, utilizing special administrative zones (SAZs) created in Kaliningrad and Vladivostok.
Transfer to friendly countries:
Some companies opt for jurisdictions in countries such as Kazakhstan, Armenia, and the UAE, which offer favorable business conditions and are not subject to sanctions pressure.
Examples of Redomiciliation in the Russian Market
Lukoil:
The large Russian oil company redomiciled its foreign subsidiaries in 2022,...
Russia has restricted the export of enriched uranium to the US: what this means for both countries and possible consequences
... uranium, which could lead to higher electricity prices and, as a result, higher costs for industrial enterprises and households.
The need for new suppliers. The United States will need to conclude new contracts with alternative uranium suppliers, such as Kazakhstan, Canada or Australia, and also invest in the development of its own production. However, increasing supplies will take time and significant capital investment.
Long-term changes in the market. For the United States, this may become an incentive ...
Defender of the Fatherland Day: History, Traditions, and Celebrations in Different Countries
... Official events take place across the country, recognizing both military and civilian men.
Belarus – the holiday is known as "Defenders of the Fatherland and Armed Forces Day of the Republic of Belarus" and is celebrated at the state level.
Kazakhstan – despite celebrating its own Defender of the Fatherland Day on May 7, February 23 remains a popular unofficial date.
Kyrgyzstan – officially recognized as a state holiday.
Tajikistan – celebrated at the state level, but without a public ...