sanctions against the Russian Federation will lead to a shortage of oil and gas in Europe

The Western embargo on Russian oil is not afraid of the Russian Federation – it will send 75% of its volumes to other regions. At most, Moscow may lose small buyers in Africa. However, India will easily make up for their loss by significantly increasing the import of Russian oil. .

Vedomosti: Central Bank considers lending to oil and gas companies in foreign currency to redirect liquidity

The head of the Bank of Russia, Elvira Nabiullina, sent a set of proposals to President Vladimir Putin to improve the conditions for financing projects in the oil and gas industry, the measures, among other things, offer loans to companies in this area in foreign currency and subsidize rates on ruble loans for them. Vedomosti … Read more

How oil and gas revenues of the budget changed // Infographics

The volume of additional oil and gas revenues associated with rising oil prices in July turned out to be lower than planned by 74.7 billion rubles, the Finance Ministry said. As follows from the materials of the department, the total volume of oil and gas revenues in July amounted to 770.5 billion rubles, which is … Read more

Oil and gas revenues of Russia in July were lower than planned by 74.7 billion rubles

The Russian Ministry of Finance announced that the federal budget in August 2022 will be replenished by 359.5 billion rubles. through additional oil and gas revenues. In July, the volume of additional budget revenues from the energy industry turned out to be less than the amount previously expected by the department by 74.7 billion rubles. … Read more

Escaping surplus // Expenses matched revenue in Q2

The federal budget for the first half of 2022 was executed with a surplus of 1.4 trillion rubles, the Finance Ministry said. Almost the entire amount of this “surplus” was accumulated in the first quarter. In the second, against the backdrop of a military operation and new sanctions, revenues were almost equal to expenditures. Oil … Read more

Kadyrov: Chechnya managed to find funding to search for oil and gas fields

The head of Chechnya, Ramzan Kadyrov, said that the region managed to find funding to search for oil and gas fields. According to him, this was the result of the visit of the head of the Ministry of Natural Resources Alexander Kozlov to Chechnya. Mr. Kadyrov noted that the region found “support from Alexander Alexandrovich … Read more

The West agrees on the introduction of a price ceiling for Russian oil for the EU

Meanwhile, the well-known British newspaper Independent noticed that the embargo on Russian oil, provided for by the new package of sanctions from the EU, had an unexpected effect for the Europeans. So, against the backdrop of the ban, major players from Europe began to increase the transportation of black gold from Russia, the journalists noted. … Read more

The Ministry of Finance announced an increase in the volume of the NWF // Infographics

The volume of the National Welfare Fund as of June 1 amounted to 12.476 trillion rubles. (equivalent to $197.725 billion) or 9.4% of GDP, the Finance Ministry said. As of May 1, the fund was 11.005 trillion rubles, over the month it grew by 1.471 trillion rubles. In May, the Ministry of Finance transferred additional … Read more