... potential EU decisions regarding further reductions in dependency on Russian gas. Against the backdrop of discussions on new sanctions against Russia, Hungary has already stated that it will seek separate solutions with Russia in the event of a European-wide ... ... factors (increased summer demand, particularly for agricultural fuel and lubricants) and reduced supply due to planned repairs at oil refineries (OR). Many refining companies have taken capacities offline for maintenance in June and July, temporarily reducing ...

... price of benchmark Brent crude oil remains in the range of $72–$75 per barrel. Earlier, Igor Yushkov, an expert at the National Energy Security Fund and the Financial University under the Government of Russia, expressed the opinion that new U.S. sanctions against Russian oil could lead to a collapse in the global hydrocarbon market. In the United States, he said, inflation could accelerate, and oil prices could soar to $200 per barrel. Previously, the Russian Ministry of Finance explained the sources of replenishment ...

... EU-wide ban on Russian gas, it will seek its own solutions directly with Moscow. Such signals underscore the limitations of the bloc's unified stance on energy security. Overall, there is a transformation of global energy trade under the influence of sanctions, trade disputes, and strategic decisions made by countries. Although the current pricing environment for oil, gas, and coal is largely dictated by fundamental supply and demand factors, political decisions can quickly alter the availability of certain energy resources for entire regions. The energy sectors are entering the second half of 2025 in a state ...

....4% (ruble depreciation). Euro Exchange Rate: +7%. Chinese Yuan Exchange Rate: +6.8%. Main Causes of Ruble Depreciation Geopolitical Factors The introduction of new US sanctions against Russia in November 2024 dealt a serious blow to the economy. The sanctions affected key sectors and restricted access to international financial markets. Decline in Export Revenues Falling global prices for oil and gas, 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 ...

... solutions directly with Moscow in the event of an EU-wide ban on Russian gas. Such signals highlight the limitations of a unified position within the bloc on energy security. Overall, there is a transforming landscape of global energy trade influenced by sanctions, trade disputes, and strategic decisions by states. Although currently the pricing environment for oil, gas, and coal is largely determined by fundamental demand and supply factors, political decisions can quickly alter the availability of certain energy sources for entire regions. The energy sectors enter the second half of 2025 in a state of relative ...