... reverse excise tax, and investment allowance amounted to 1.21 trillion rubles. For the same period in 2024, these payments reached 2.19 trillion rubles, reflecting an increase of over 80%. However, despite the rise in tax deductions, the Ministry of Finance still reported a substantial growth in oil and gas revenues for the budget. By the end of the first seven months, these revenues increased by 62%, totaling 2.58 trillion rubles in absolute terms. Oil at the Core The primary driver was the ...

... production and sale of petroleum products and stop the rise in prices, according to Sergey Tereshkin, CEO of the fuel marketplace "Open Oil Market" (Skolkovo resident), who spoke with RIA Novosti. The Ministry of Energy and the Ministry of Finance will work on existing and additional measures to maintain the profitability of oil refining, said Pavel Sorokin, first deputy minister of energy, on Wednesday. "To stop the rise in prices, not only prohibitions are needed, but also measures ...

OFZ bonds are a popular investment tool chosen by experienced market participants. The Ministry of Finance regularly conducts auctions, offering these securities. Who can participate in these auctions and what makes Federal Loan Bonds interesting? OFZs (Federal Loan Bonds) are a popular investment tool selected by experienced market participants....

... could be in place for six months, but the effective date might be delayed due to regulatory approval procedures. In mid-June, the Ministry of Energy's press service confirmed to Vedomosti that the draft regulation must be approved by the Ministry of Finance, the Ministry of Economic Development, and the Federal Customs Service. One source noted that the Federal Anti-Monopoly Service supports the diesel export ban. Vedomosti sent inquiries to the above-mentioned ministries and the office of Deputy Prime Minister Alexander Novak, who oversees the energy sector. According to Sergey Tereshkin, CEO of Open Oil Market, the diesel export ban discussion is primarily due to the fact that the price increase for this ...

... 2024, which is 3.3 trillion rubles. However, oil producers still cannot keep gasoline prices in line with inflation, which marks a key difference between the current fuel crisis and last year's. Last year, the trigger for the price increase was the Finance Ministry's attempt to "halve" the damper, after which oil producers, in order to compensate for losses, raised exchange prices, which prompted the regulator to impose a temporary export ban and return to previous rules. This year, the ...