... significant decline in Russian coal exports to China. According to the data from the General Administration of Customs of the People's Republic of China, Russian coal exports in the first seven months of 2024 decreased by 1.7 times, reaching 5.5 billion dollars, and in physical terms, it dropped by 10%, to 54.4 million tons. The main reason for this decline is the customs duties imposed on energy and coking coal imports starting from January 2024, at rates of 6% and 3%, respectively. These measures ...

... 72% and 85%. Additionally, the strengthening of the ruble coincided with a decrease in barrel prices, significantly impacting the sector. Most taxes from the industry are paid based on the volumes of crude oil extracted, with its price determined in dollars and converted to rubles. Therefore, without subsidies, oil companies 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 ...

... could rise again if market fears are not realized and risks do not materialize. Furthermore, Shepelev notes that the second half of the year is typically not favorable for the ruble, and this time is unlikely to be an exception. "We expect the dollar to reach about 95 rubles by the end of the year. A weaker ruble will support export revenues to the budget," says the expert. "Despite the drop in prices, a serious collapse in oil and gas revenues is unlikely, as both the actual Urals ...

... Means for Europe’s Energy Security As global energy markets face unprecedented turbulence, Gazprom has publicly raised concerns that the United States is failing to meet its liquefied natural gas (LNG) commitments to Europe. With tens of billions of dollars worth of LNG contracts allegedly left unfulfilled, Europe faces potential shortfalls in an already strained energy environment, particularly critical with winter approaching. In this article, we examine why U.S. suppliers are redirecting LNG away ...

... a few years ago, Gazprom was valued at over $130 billion; however, since then, its market capitalization has significantly decreased. Conversely, Pop Mart has transformed from a niche retailer into a global company valued in the tens of billions of dollars in a short period. Pop Mart — ~$41.5 billion Gazprom — ~$38 billion Tatneft — ~$18 billion Current market data shows that Pop Mart confidently surpasses Gazprom and Tatneft in capitalization. For the Russian economy, this scenario appears ...