... between May and July due to the saturation of the fuel market. Authorities explained that the decision to extend the ban was necessary to ensure stability in the fuel market during the ongoing seasonal demand and planned repairs at oil refineries. The restriction will not affect supplies under international intergovernmental agreements or fuel exported for personal use or international humanitarian aid. The idea to extend the measure came from the Ministry of Energy. The proposal implied that the ban would effectively continue through September and October, and for the next two months, an ...

... population while simultaneously ensuring budget revenues—remains a complex task for authorities and fuel companies. Market participants are closely monitoring the situation: oil companies are already experiencing pressure from increased taxes and sanctions restrictions, and any changes in subsidy or export regulation could impact their financial stability. Gas Sector: Europe Stockpiles Reserves and Changes Routes The European gas market is approaching the end of summer with solid stockpile indicators. Gas storage facilities (GSG) in the EU are filled ...

... Diamond Imports to India Western sanctions against the Russian diamond industry: In December 2023, the European Union imposed a ban on the import of Russian diamonds, effective from January 1, 2024. G7 countries also agreed on similar measures aimed at restricting the export of Russian diamonds. RIA Novosti RBC Despite India not officially joining these sanctions, fears of secondary sanctions and pressure from Western partners have led to a decrease in the volume of Russian diamond imports. Restrictions on dollar transactions: ...

... to record levels, signals of governmental intervention have indicated a trend towards stabilization. Diesel fuel, experiencing less shortage, has shown little price increase. Experts note that the further price dynamics will depend on the duration of export restrictions and the effectiveness of other measures. It is likely that administrative measures will help mitigate fuel price increases through August and September. However, if the ban is lifted in the fall, another price surge may be possible if the ...

... made at upcoming alliance meetings will influence market balance and oil price dynamics. Fuel Market in Russia: The effect of the implemented ban on gasoline exports in Russia and subsequent decisions by authorities (cancellation or extension of the restriction after August) will impact domestic fuel prices and the potential for export shipments from Russia.