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The consequences of the drop in oil prices for Russia have become known.
... article analyzing the consequences of falling global oil prices for the Russian economy has been published on Sergey Tereshkin's website. The material provides a detailed examination of key aspects related to the impact of low oil prices on the national budget, the currency market, and industrial production.
The expert shares his forecasts and explains how a decrease in energy export revenues could affect the standard of living for citizens and influence strategic decisions in economic policy. Special ...
Russian oil has fallen below the price cap.
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Following the unexpectedly sharp drop in global oil prices, the cost of Russian Urals oil is also falling. It may even drop below $60 per barrel at Russian ports. Why have oil prices declined, can we talk about an era of low prices, and how will the Russian budget cope with this situation?
In the last two trading weeks, global oil prices for Brent have fallen significantly from $80 per barrel, a total drop of 10%. This has not happened in a long time. This week, the price even dropped below $70 per barrel,...
Pressure on Russia's oil exports is set to increase.
... barrel, the price cap set by the G7 and the EU. As a result, Russian oil export revenues for the first half of September dropped by 30% compared to late June.
The average monthly price of Urals is used to calculate taxes that contribute to the Russian budget. Based on this, Bloomberg concluded that these developments would significantly impact tax revenues for Russia.
If we take these claims at face value, the picture appears grim. However, it is essential to approach this information with caution....
Experts assessed the impact of the increase in fuel excise taxes on gas station prices.
... 20% of fuel costs, so the 4% increase will lead to a price rise of about 1% at gas stations. Sergey Tereshkin, CEO of the fuel and raw materials marketplace OPEN OIL MARKET, emphasizes that excise taxes are a significant source of income for regional budgets, and their indexation is aimed at supporting regions that may face financial difficulties.
Starting in 2025, excise taxes on gasoline and diesel fuel (DF) will increase by the expected inflation rate. The law was signed by Russian President Vladimir ...
Inflation: What It Is, Why It Is Dangerous, and How to Protect Your Money
... in expenses to consumers.
Excess monetary supply. If the central bank sharply increases the money supply in the economy, outpacing the growth of real indicators, the excess money contributes to inflation. Excessive issuance, for example, to finance a budget deficit, can "overheat" the economy.
Depreciation of the national currency. The devaluation of the ruble leads to an increase in the cost of imports—from raw materials to finished products. The rise in prices of imported goods automatically ...