... 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 market: the government applies agreements with companies, export limitations, subsidies, and other targeted measures in the case of sharp price spikes. This summer, relevant deputy prime ministers and the Ministry of Energy have been personally involved in the situation, conducting ...

... has now been extended again to ensure stability in the fuel market during the period of increased seasonal demand and planned repairs at oil refineries. The restriction does not apply to supplies within the framework of international intergovernmental agreements, or fuel exported for personal use or humanitarian assistance. The six-month ban on gasoline exports came into effect in March, but it was suspended from May to July. The Ministry of Energy proposed extending the measure, and the government ...

... On August 6, benchmark Brent crude prices rose back to around $68–69 per barrel, while U.S. West Texas Intermediate (WTI) traded around $66. The increase of approximately 1% over the day was influenced by several factors. First, statistics from the ... ... countries continue a policy of gradual oil production increases. At the beginning of August, several key participants in the agreement (including Saudi Arabia, Russia, the UAE, Kuwait, and others) announced an increase in the combined production quota ...

... procure certain categories of Russian goods (such as nuclear materials). This undermines the demand for a complete cessation of trade with the RF. Unjust Criticism: According to officials, Washington's grievances are unfounded, particularly considering that ... ... countries continue to adhere to a policy of gradual oil production increases. In early August, eight key participants in the agreement (including Saudi Arabia, Russia, UAE, Kuwait, and others) announced an increase in the cumulative production quota by ...

... Impact the Global Economy Despite the dollar’s continued importance in the international financial system, many countries, including BRICS members, have started to develop alternative mechanisms. Countries are increasingly pursuing bilateral currency agreements to settle trades without using the dollar. If this trend continues, the dollar’s role as the world’s reserve currency may gradually diminish. While a complete departure from the dollar remains unlikely in the short term due to its liquidity and the stability ...