The Russian crude oil trade seems to have settled into a routine nearly one year after a formal price cap was introduced by the EU/G7 countries to dent Russia's oil revenue.Despite further supply tightening by the Opec-plus group,the maj... J Mathonniere,K Preston - 《Nefte Compass》 ...
Russia is not far short of its full-year target for oil and gas-sector revenue of Rbs8.9 trillion ($96bn) in 2023, despite EU bans on oil imports and G7-led price caps. Federal budget revenue from the oil and gas sector of Rbs8.22 trillion in January-November was still 23pc lower ...
The Treasury Department says the current cap is working, with an agency analysis finding that Kremlin oil tax revenue was more than 40 percent lower in the first nine months of 2023 because of it. Adeyemo added that “sanctions alone are not enough to carry Ukraine to victory.” “We owe ...
The G7 could “make this tradeoff much harder for Putin” by lowering the price cap from $60 to $50, reducing Russia’s oil earnings, Brooks said. That “would put even more pressure on the ruble, it would put more pressure on Russia’s central bank to raise interest rates, and it...
From an unenforced oil price cap to rogue countries teaming up, Moscow is exploiting the West’s weaknesses.
The expectation is that Mr. Putin will keep the oil and coal moving by holding, in effect, the world’s biggest sale. 业界的期待是,普京将通过进行实为世界最大的促销来推动俄罗斯石油和煤炭的出口。 Russia needs every dollar of export revenue it can get right now. It is lurching toward defaul...
India was the main destination of Russian crude oil export shipments in January 2024. The country that received the second-largest volume of oil was China.
Officials said European Commission President Ursula von der Leyen is expected to spell out the proposed new sanctions on Wednesday and that they would include a ban on imports of Russian oil by the end of this year. An embargo on Russian oil would deprive Moscow of a significant...
revenue to which it was legally entitled. In the early 21st century, to combat fraud and encourage investment, the government simplified the tax system and reduced the overall tax burden, particularly on businesses. For example, corporate taxes were reduced by about one-third, aflat taxwas ...
Meanwhile, Russia is phasing out the concessions given to the CIS states when they import natural gas from Russia as part of an effort to exploit the global market for more revenue, and is increasing its grip on its domestic oil and natural gas resources. 展开 ...