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EU ban to hurt Russian oil products more than crude

Location:

RUSSIA

An EU ban on Russian refined oil and an accompanying price cap may do more immediate damage than earlier restrictions on crude, as petroleum products are more difficult to place…

Parallel imports continue to support Russia’s economy

Location:

RUSSIA

Parallel imports have played a crucial role in securing the supply of goods for the Russian economy. The creation and management of parallel import channels is now an important…

Sanctions will reduce Russia’s oil exports eventually

Location:

RUSSIA

In June 2022, Russia booked almost twice the revenue (USD20.4bn) from such exports. Declining oil income poses a serious challenge to the administration of President Vladimir…

Russian oil exports will be tested in future

Location:

RUSSIA

Most of Russia’s hydrocarbon export revenues are generated from oil now that gas sales have collapsed. Ambitious state spending plans are based on oil revenues rising this year…

Russia spillover, low oil price will challenge Astana

Location:

KAZAKHSTAN

The slowing down of Kazakhstan's economy continues against a background of slow global growth, the turbulent economic situation in Russia and low oil prices. Lower-than-projected…

Many factors will restrict Russia’s recovery in 2023

Location:

RUSSIA

This turnout was a far milder contraction than the many assessments made at the outset of the invasion of Ukraine of its likely impact on the Russian economy. It prompted a public…

Russia's regions face year of fiscal challenges

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RUSSIA

State resources are going to the new acquisitions while many Russian regions struggle. Western sanctions have undermined industrial activity and put a strain on their budgets. The…

EU oil ban will bite into Russia's budget and GDP

Location:

RUSSIA

Oil sales to the EU netted an average USD10bn in March and April; this revenue stream will be lost if European leaders can agree unanimously on a ban. Refined products as well as…

Russia's economic decline will continue this year

Location:

RUSSIA

The recession was far shallower than expected; early forecasts had predicted a contraction of up to 10%. However, economic decline will continue into 2023. Unprecedented sanctions…

Inflation could rise again in Russia in 2023

Location:

RUSSIA

Inflation has subsided owing to base effects. War, sanctions, geopolitical isolation and economic restructuring have already undermined population living standards, with poorer…