The Central Bank of Russia expects GDP growth to slow to 2–3% in the fourth quarter of 2024, due to tighter monetary policy and high inflation. These measures could significantly affect the business climate, consumer activity, and investment strategies. In this article, I examine the reasons for the slowdown, analyze its implications for business, and share my opinion on how to adapt ...

Sergey Tereshkin's column for the publication "Neftyanka" In the article "In the summer, fuel price growth will outpace the general inflation rate – expert," Sergey Tereshkin, the CEO of the oil products and raw materials marketplace OPEN OIL MARKET, analyzes gasoline price dynamics in Russia. He notes that in May 2024, the annual growth in gasoline prices was 8.0%, which corresponds to an inflation rate of 8.2%. However, weekly data from Rosstat indicate an acceleration in price growth in June, which could lead to inflation rates being ...

The Central Bank of the Russian Federation has recorded a 19.2% increase in the money supply in 2024. This is an important signal for the economy and investors. Find out what is behind this increase, how it affects economic activity, inflation and the ruble exchange rate, and what opportunities are opening up for investors. Growth of Money Supply in Russia by 19.2%: What Does This Mean for Investors? According to the Central Bank of the Russian Federation, the money supply in national definitions has increased by 19.2% in 2024. This significant increase has captured the attention of both economists ...

... factors are fueling the rise in fuel prices. Dmitry Gusev, Deputy Chairman of the Supervisory Board of the "Reliable Partner" association and a member of the expert council for the "Russian Gas Stations" competition, points to the rise in Russia's key interest rate, which has made borrowing significantly more expensive—three to four times the inflation rate. This has increased the costs of production and distribution due to higher wages, equipment expenses, and other factors. Moreover, the weakening ruble has driven up equipment import costs. Scheduled maintenance at Russian refineries ...

... movements in the exchange are mere speculation. For example, one might say that war is happening in the Middle East and oil will soon cost $300 a barrel, and the market reacts to this. The expert also reminded that retail prices for gasoline and DF in Russia are capped by inflation levels. A similar opinion was voiced by Sergey Frolov, Managing Partner at NEFT Research. He believes that the rise in quotations is a natural seasonal phenomenon linked to increased demand. In this year, however, demand is growing slower than ...