... Novak, "the discussion is currently only about AI-92 gasoline." "If we confirm the excess and oversupply, we will definitely have to make a decision to allow exports," he added. The Vice Prime Minister clarified that, otherwise, companies might be forced to reduce production volumes. RBC has sent a request to the Ministry of Energy’s press service. Signs of Oversupply and Risks In September, Vladimir Bogdanov, head of Surgutneftegaz, suggested the possibility of discussing ...

... interest in risky assets; however, inflationary risks prescribe caution in investment strategies. Services Sector The services sector displayed only moderate expansion in April. The PMI index held steady at 50.1, indicating very weak growth in the sector. Companies reported virtually stagnant new orders due to limited demand and reduced purchasing power among consumers. The slowdown in household spending growth and a soft business cycle hinder the development of the services sector. Industrial Sector The ...

... on petroleum products: for example, duties on automotive gasoline and diesel fuel were 30% of the duty on oil. The difference in duty levels stimulated the export of oil products (mazut, gasoline, diesel fuel) instead of the export of crude oil. Oil companies refined more expensive oil into cheaper mazut and then exported it, leading to losses in budget revenue from export duties. Since 2017, duties on mazut have been aligned with those on oil. This was intended to stimulate the modernization ...

... producers will strive to curb the rise in retail prices. According to Yuri Stankevich, Deputy Chairman of the State Duma's Energy Committee, the erratic dynamics in retail prices are driven by a need to reconcile increasing operational costs incurred by companies due to macroeconomic factors and added tax burdens. By September, the impact of the "gap reduction" (inequitable conditions) will diminish. However, there is a significant distinction from last year's gasoline situation. At that time,...

... the state. Impact on Business Clients For businesses, partnering with a systemically important bank means greater confidence in the stability of their funds. Such banks offer broader financing and lending options, which is particularly relevant for companies reliant on substantial financial transactions. The external support from the government and the Central Bank makes them reliable partners for long-term projects. Why Did the Central Bank Leave the List Unchanged? Maintaining the SICI list without ...