... (unchanged), while the 2026 estimate has been raised to +1.38 million b/d. OPEC+ production increased by approximately 329,000 b/d in July. Despite growth, the actual volume fell slightly short of the plan (shortfall of about 47,000 b/d) due to voluntary restrictions from several participants. In July, Russia boosted production by 98,000 b/d and even exceeded its official quota by 17,000 b/d, indicating a commitment to preserving export volumes. Overall, OPEC assesses the situation positively: the upgraded forecast for the global economy and moderate growth in oil demand suggest that energy consumption will continue to set records, despite price challenges. At the same time, OPEC+ ...

... businessmen and companies; Through secondary sanctions that hinder Russia's cooperation with third countries. Therefore, even if some restrictions are eased, it is unlikely to result in a full restoration of previous economic relations. What Does This Mean for ... ... cooperation with countries in Asia, the Middle East, and Latin America. This creates new investment niches, especially in the areas of export and infrastructure projects. A complete lifting of sanctions from the U.S. should not be expected. However, the Russian ...

... regulations, positively impacting currency supply. Tax Period During this time, exporters traditionally sell currency to pay taxes, increasing demand for rubles. Rising Commodity Prices The increase in the prices of oil, gas, and gold — Russia's main export commodities — supports currency inflows and strengthens the ruble. High Interest Rates The attractiveness of ruble-denominated assets for investors remains high due to significant interest rates. Restrictions on Currency Outflows Current restrictions minimize capital flight, contributing to the stability of the exchange rate. High Volume of Settlements in Rubles An increase in transactions in the national currency for imports reduces dependence ...

... traditional Western markets. This opens new horizons but also carries geopolitical risks. Investors should consider sanction restrictions while not overlooking the prospects within the extensive markets of BRICS, the Middle East, and Africa, where demand ... ... the real sector is feeling the growth and support mentioned by the president. Monitoring corporate reporting (revenue, profit, export sales) will help investors assess which sectors are winning under current conditions and adjust their strategies accordingly....

... for gasoline supplies not affected by the ban, there is currently more gasoline trapped in the country than the temporarily lost volumes. However, experts view the ban and its impact on the market negatively. According to Stankevich, an administrative export restriction in conditions where Russia produces more petroleum products than it consumes is a certain losing strategy, conflicting with economic principles. He believes the mistakes of 2023 are repeating, when a decision to reduce damping payments led ...