Search for: "gas"

Russian Gas Undermines European Unity

The demand of the Russian authorities to "unfriendly countries" to pay for gas in rubles, as well as the demonstration of readiness to stop gas supplies to countries that refused to comply with these requirements, put the European Union in a difficult position.   According to Presidential Decree No. 172, "unfriendly" buyers must purchase gas…
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Two Scenarios of Russian Export Dynamics

The Central Bank of Russia has presented two primary scenarios for the future development of Russian exports, which are currently contracting. One scenario involves the revival of exports, while the other entails a shift towards the domestic market. Experts believe that a combination of these scenarios will likely be operative to varying extents. However, the…
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Sanctions for Domestic Use

Two years of intensified sanctions pressure on Russia have demonstrated their low effectiveness, according to Ivan Timofeev, the Director General of the Russian Council on International Affairs (RCIA). Despite the significant damage inflicted upon the Russian economy, the sanctions have failed to alter Russia's political course, serving instead as a means for Western politicians to…
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Russia Suspended Fuel Export

The Russian government has taken radical measures to stabilize oil product prices. As of September 21, the export of commercial gasoline and diesel fuel from Russia has been temporarily suspended. Market participants expect that the embargo will not last longer than a month, though specific timelines are unclear. In the event of an extended embargo,…
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Russia Becomes Turkey’s Biggest Coal Supplier

  Russia has become the largest supplier of coal to the Turkish market, in the first eight months of 2023. Russian coal provided about 70% of all Turkish imports. This growth was made possible thanks to the discount with which it is sold. Analysts believe that if discounts are maintained, the dominance of Russian coal…
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Russia Made It To The Top-5 World Economies… Or Is It?

In 2022, Russia entered the top-5 largest economies in the world according to the World Bank. This achievement was attributed to the calculation methodology and favorable economic conditions, as stated by experts from the Profile magazine. However, in the current year, the global economic landscape has shifted significantly, and experts believe that replicating last year's…
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Trends in Import Substitution for Russian Industry

HSE presented research data on current trends in import substitution for industrial enterprises. According to the study, the level of dependence on foreign components remains quite high. The least problems with equipment are experienced by oil and gas companies, while the greatest challenges are faced by coal mining organizations and companies providing services in the…
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Russian Goods Keep Flowing to the West

  Despite unprecedented sanctions and reduced trade relations between Russia and the West, the latter continues to import a wide range of Russian goods.   The Russian Federal Customs Service (FCS) reports that in 2022, Russian companies increased their supply of goods and services abroad by almost 20%. Although trade geography has shifted towards "friendly"…
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How Sanctions Stall Russian Economic Development

Despite being hit with a high volume of sanctions after February 24, 2022, Russia's economy has held up relatively well during more than a year of military conflict. However, some experts are questioning the effectiveness of these sanctions. Alexandra Prokopenko, an expert on Russian economic policy, suggests that instead of focusing on the quantity of…
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Russia increased oil production right before the price cap

Russia increased oil production by about 2% in November, before the EU oil embargo came into force. This means that due to the deferred effect of export restrictions on production, it can reach 530 million tons by the end of the year. According to analysts, oil production in the first quarter of 2023 may fall…
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