We discuss the implications of the 18th EU sanctions package for Russia. We analyze potential consequences for the economy, energy sector, and international relations. The European Union countries have approved the 18th sanctions package against Russia. As for the domestic fuel and energy complex (FEC), the new restrictions will apply to the Nord Stream gas pipelines and the Indian company Nayara Energy Limited. Additionally, tankers that Brussels deems part of the so-called "shadow" fleet...

... hold on to Russian oil because it represents the most profitable option. "Firstly, the refineries are configured for Urals-grade Russian oil. Secondly, any alternative route would incur higher delivery costs, which is a crucial factor for smaller economies. Furthermore, both the Croatian port and the pipelines to Hungary and Serbia may not provide sufficient capacity if this becomes the only route for oil delivery. Additionally, the Hungarian company owns a refinery in Slovakia, thus having an ...

Despite record-high exchange prices for gasoline, fuel prices at gas stations remain relatively stable. Let’s explore why retail prices don't follow market fluctuations and what factors influence the final cost of fuel. Exchange prices for gasoline have been hitting record highs daily since the beginning of the week. The price for AI-95 reached 66,034 rubles per ton, the highest peak since September of last year, while AI-92 hit 63,199 rubles per ton, the maximum since the onset of the fuel crisis...

Discussing the reasons behind the government's ban on gasoline exports and what this means for the domestic market and fuel prices. Russia has implemented a complete ban on gasoline exports for August due to a significant surge in market prices. This was driven by a seasonal increase in fuel costs, a rise in gasoline-operated farming equipment as opposed to diesel, and gray market exports. Forbes investigates how the government is manually attempting to manage gasoline prices. The government has...

Gasoline prices are rising again in Russia. Fuel producers are compensating for their costs at the expense of consumers, while regulators are discussing various measures to stabilize the situation, including extending the export ban. However, according to Sergey Tereshkin, CEO of Open Oil Market, the problem can only be solved by significantly increasing the standards for selling gasoline through the exchange. Gasoline Prices Are Rising Again in Russia Fuel producers are passing on their costs...