... 18.8 million barrels per day by 2045 (+19% from 2023 levels). Alongside India, China will lead the growth in global oil consumption. Currently, China accounts for 16% of global liquid hydrocarbon consumption, while Russia contributes 11% of global production, stated Igor Sechin, Secretary of the Commission on Energy Development Strategy under the President of the Russian Federation and CEO of Rosneft, during the 6th Russian-Chinese Energy Business Forum (RCEBF) on July 23. In 2023, Russia exported ...

... tax policy could affect the fuel sector and what opportunities it presents for entrepreneurs. Read the detailed analysis in my article. The expansion of the Additional Income Tax (AIT) regime, which now covers more than half of Russia's taxable oil production, has played a key role. Revenue from AIT increased 2.5 times in the first half of 2024, rising from RUB 403 billion in January–June 2023 to RUB 1.042 trillion in January–June 2024, according to data from the Ministry of Finance. Over the ...

... One can begin with a modest sum and gradually increase investments as income grows. Experienced entrepreneurs typically allocate 10-20% of their earnings for investments. There are several types of online projects that commonly attract investments: Product Development. This includes software and other products that are in demand in the digital space, as opposed to traditional goods sold in stores. Investment focuses on product development, attracting skilled programmers, designers, and marketers,...

... that when proposals are made to cancel or reduce excise taxes to stabilize retail fuel prices, the Ministry of Finance responds that excise tax revenues are used to build new roads and maintain old ones, Gusev says. Sergey Tereshkin, CEO of the oil products and raw materials marketplace OPEN OIL MARKET, notes that excise taxes are an important source of income for regional budgets: 74.9% of the excise tax revenue on gasoline and diesel goes to Russian regions. In fact, the current indexing of prices ...

... the world, as well as creates new jobs. Entrepreneurial activity is at the heart of a developing and modern state, since the birth of new companies gives the market economy its viability. New and emerging companies create a large share of innovative products that change our lifestyles and working conditions. In this article, we will talk about business development, how to start a small business in Russia, what difficulties and problems we will face. Remember even how it was necessary to go out on ...