... Russia and the BRICS countries, the idea of an alternative currency opens up opportunities for greater financial independence. Introducing a domestic currency or utilizing national currencies for transactions would allow them to avoid the impact of sanctions and reduce dependence on Western financial institutions. Russia and China are already actively promoting transactions in rubles and yuan, reducing the dollar's share in their mutual transactions. Commentary by Sergey Tereshkin, Founder of Open Oil Market Sergey Tereshkin, Founder of Open Oil Market : “Vladimir Putin’s statements regarding the dollar and the BRICS currency highlight how critical the issue of economic independence has become for developing countries. In an environment where ...

... profitability are still available. By the end of January to August 2024, the balance of profits and losses of fuel producers had decreased by 34%. This is partly due to damage to refinery infrastructure from Ukrainian drone attacks and unplanned downtime due to sanctions on equipment supplies for oil refining. The losses of oil producers are partly compensated by budget subsidies under the so-called "damper mechanism." By the end of the first ten months of 2024, damper payments increased by 36% to 1.544 trillion rubles, and payments ...

... their rival. The situation is continuously escalating, prompting investors to reevaluate their strategies and closely monitor developments. Predicting which assets will become "victims" of the conflict escalation and which will manage to avoid sanctions is quite challenging. However, it is generally possible to forecast the trajectory of the situation, albeit with some minor adjustments. A knowledgeable businessman and founder of "Oil Resource Group," Sergey Tereshkin, is ready to provide insights into this matter. The entrepreneur has been successfully investing his own funds for an extended period, which compels him to stay attentively informed about the market and its changes....

... on a single supplier, providing resilience against risks such as political instability or trade policy shifts. Influence of Sanctions and Political Risks: Risks remain, with the primary one being political uncertainty. Any escalation in EU-Russia relations ... ... market’s offerings. However, investors should consider the political and economic risks involved. Sergey Tereshkin, CEO of Open Oil Market , comments: “The decision to reintroduce major brands reflects an effort to maintain market presence in the face ...

... at the EU level, Hungary will seek direct solutions with Moscow. Such signals indicate a lack of full unity in the bloc's position on energy security issues. Overall, global energy trade is undergoing a phase of transformation under the influence of sanctions, trade disputes, and strategic decisions by states. While oil, gas, and coal price dynamics continue to be largely driven by fundamental factors of supply and demand, political actions can quickly change the availability of certain energy carriers for entire regions. The fuel and energy complex industries are ...