Factors for the energy crisis are decreasing the profitability of oil refineries, an increase in tariffs for transportation, increasing excise taxes and reducing state subsidies.
The Russian economy is faced with a new challenge against the backyard of the world’s oil prices, penalties and attacks on oil refinement infrastructure. The Kremlin is urgently accumulating a meeting due to a sharp reduction in domestic fuel transportation, which threatens market deficiency – especially during a critical spring sowing period. This was reported by Ukraine’s Foreign Intelligence Service on Wednesday, May 14th.
Factors for the energy crisis are decreasing the profitability of oil refineries, an increase in tariffs for transportation, increasing excise taxes and reducing state subsidies.
Thus, on January 1, 2025, oil pumping tariffs increased by almost 10%, which struck the domestic market profitability.
Subsequently, gas and diesel prices have increased dramatically due to an increase in excise taxes, and manufacturers are focused on exporting or reducing volume.
The intelligence note that damping payments for the first four months of the year have been reduced by 2.5 times – from $ 1.9 billion to $ 780 million.
Logistics has also become more complicated: a lack of stock rotation and a reduction in the priority of oil transport by the railroad creates a critical load.
As a result, a number of refineries reduce loading, and a further deepening of the crisis can lead to their mass closure.
Szru warns: Russia is approaching the most serious challenge of energy from the USSR collapse. The processes of the energy industry crisis including penalties, loss of markets and military costs can destroy the basic support of the Russian economy – the oil and gas sector.
Recall that Russia has found a record for 13 years to jump on retail prices for fuel after a series of Ukrainian drones attacks for oil refineries, due to which in the first half of the year the fuel manufacture fell over 10%.
Blows in refineries: fuel is getting more expensive in Russia
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.