... meters per day. However, total LNG supplies to the EU slightly decreased in early July compared to June (around 370 million cubic meters per day vs. 404 million cubic meters per day previously) as some shipments were redirected to Asia. Nonetheless, key importers – both major European countries and Turkey – continue to receive significant volumes of LNG from the US, Qatar, and other sources. Norway, remaining the largest supplier of pipeline gas to the EU, also maintains high export levels (over ...

... along with a reduction in their export, diminished the inflow of foreign currency into Russia. Monetary Policy The Central Bank maintains the key interest rate at 21%, which curtails economic activity but does not stop capital outflows. Increase in Imports The gradual recovery of demand for imported goods increased the need for foreign currency, putting additional pressure on the ruble. Forecasts for 2025 Reuters Forecasts the dollar exchange rate to be between 100 and 108 rubles by the end of 2025....

... other sectors of the energy industry as of August 1, 2025. Oil Market: Brent Remains Above $72, Demand and Risks Support Prices Oil prices are holding at recent highs, with North Sea Brent trading around a multi-week peak, exceeding the psychologically important level of $72 per barrel. American WTI is hovering around $69. The pricing uptick is fueled by several factors: U.S. Trade De-escalation with Partners. The framework agreement between Washington and Brussels has helped avoid an escalation of ...

... mitigates risks of fuel shortages in winter. Exchange prices for gas remain relatively low: futures at the TTF hub fluctuate around €30/MWh (approximately $380 per thousand cubic meters), reflecting a balance of supply and demand. The Role of LNG: Active imports of liquefied natural gas are helping Europe compensate for reduced pipeline supplies. In July 2025, LNG imports to the EU reached approximately 11.3 billion cubic meters, which is 37% higher than a year earlier. Increased LNG arrivals have accelerated ...

... an even harsher rhetoric. Washington is tightening control over compliance with previously imposed restrictions and considering additional measures against buyers of Russian hydrocarbons. On August 6, the U.S. introduced a 25% surcharge on existing import duties for goods from India, resulting in the total tariff on Indian exports doubling to 50%. Now on the agenda are potential steps against China: U.S. Treasury officials are openly discussing the possibility of imposing 100% tariffs on all exports ...