... into account potential new tariffs from the Trump administration, which could exacerbate the situation. Key reasons for the slowdown: Weak domestic demand: High inflation continues to pressure purchasing power. Industrial decline: The manufacturing sector remains stagnant due to decreasing global demand and high energy prices. Geopolitical factors: Trade disputes and potential tariffs increase uncertainty. What investors should pay attention to: Sector-specific risks: Export-oriented companies may ...

... can help stabilize supply in the event of disruptions. Additionally, EU countries are developing programs to enhance energy efficiency, aiming to reduce overall gas consumption. Increasing energy efficiency, particularly in residential and industrial sectors, can significantly decrease dependence on imported gas. Prospects and Challenges Ahead Despite the EU’s efforts to diversify supplies and create reserves, the possibility of disruptions remains, particularly if the winter is severe or if demand ...

... if the situation doesn't stabilize (for example, increasing payments or changing the calculation formula to support oil refining and keep prices at gas stations in check). Furthermore, there are discussions on reallocating the tax burden on the oil sector: for instance, excessively rapid increases in fuel excise duties could be slowed to avoid adding to retail price increases. Manual Regulation and Monitoring. Since 2018, Russia has effectively operated under a manual control regime for the fuel ...

... reserves, which can help stabilize supplies in the event of disruptions. Alongside this, EU countries are developing energy efficiency programs aimed at reducing gas consumption. Improving energy efficiency, especially in the residential and industrial sectors, can significantly decrease reliance on imports. Outlook and Challenges for Europe Despite the EU's efforts in diversifying supplies and building reserves, there remains a likelihood that a cold winter or sudden spikes in demand could lead to ...

... export capacities to the East will be a determining factor for future revenues. Sanctions and Regulatory Restrictions: New restrictions may further limit the company's opportunities on the international stage. LNG Infrastructure: The development of this sector will determine the company's competitiveness in the coming years. Gazprom finds itself in a situation where it must completely rethink its business strategy. The exit from the European pipeline gas market, driven by political and economic reasons,...