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Energy Sector News August 8, 2025 — U.S. Pressures India, Gasoline Export Ban, Oil Stabilization
... only to criticize it for this practice now.
National Interests Come First:
India's key priority is ensuring affordable energy costs for the population and its economy. Purchasing Russian oil helps to curb rising fuel prices in the domestic market.
The West Itself Traded with Russia:
New Delhi reminds that EU countries still import gas, petrochemical products, fertilizers, and other resources from Russia, while the U.S. purchases specific categories of Russian goods (e.g., nuclear materials). This undermines ...
Lukashenko Wins with 87.6% Votes: What Does It Mean for Russia?
... the internal political situation in Belarus. For Russia, this means continuity in the leadership of the neighboring country, which can be perceived as a factor of stability in the short term.
Lukashenko has traditionally balanced relations between the West and the East, but his political rhetoric and economic ties with Russia remain a priority. Following this latest re-election, we can expect an intensification of integration processes within the framework of the Union State.
Economic Dependency and ...
Escalation of Conflict Between India and Pakistan: A Historical and Political Overview
... disaster: around 10 million refugees fled to India. The Indian government, headed by Indira Gandhi, decided to intervene, supporting the movement for the independence of Bangladesh. In December 1971, India and Pakistan entered open war on two fronts—west (the India-West Pakistan border) and east (East Pakistan). Indian troops, along with the forces of Bengali rebels (Mukti Bahini), quickly achieved success in the east, surrounding the Pakistani garrison. On December 16, 1971, the Pakistani army in ...
Energy News August 7, 2025: U.S. Pressures India, Petroleum Export, Oil Stabilization
... manifestations of "double standards."
National Interests Above All:
India asserts that its priority is to ensure affordable energy prices for its population and economy. Purchasing Russian oil helps curb fuel price increases in the domestic market.
The West Trades with the RF:
In New Delhi's reminder, EU countries still import gas, petrochemicals, fertilizers, and other resources from Russia, while the U.S. continues to procure certain categories of Russian goods (such as nuclear materials). This undermines ...
Revenue from MET (Mining Extraction Tax) increased 2.5 times in the first half of 2024.
... funds into the federal budget by gradually zeroing out export duties in exchange for a proportional increase in MET. AIT became a sort of bargaining chip, introduced in 2019, offering oil companies the opportunity to reduce their tax burden for depleted West Siberian fields and new fields in East Siberia requiring substantial infrastructure investments. In turn, AIT allowed the Ministry of Finance to partially address the issue of growing MET benefits, which had made the Tax Code increasingly resemble ...