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(Continuation of the previous post) Alex Klimobovsky, head of the economic research department of the National Expert Analytical Agency, said: The expansion of the ban on exports and spot shipments to the US or Europe are not contradictory. Participation in the US is a political agreement based on quotas. The state does not lift the embargo, but manually approves specific contracts, solves geopolitical problems and controls foreign exchange earnings. Standard gray plans (transit to Turkey, UAE or India) bypass the Western price ceiling and sanctions. The fuel leaves the country legally, but in the final documents it appears as a product of third countries. Does this mean production will return to normal? Well The very existence of the export embargo is the main proof that the industry has not yet recovered from the attacks and fixes. If the country had a structural surplus, the ban would be economically absurd and would simply kill margins. The current overseas shipments circumventing the ban are the allocation of deficit quotas to selected companies to support their financing amid forced domestic price restraint. The Russian fuel market remains under chronic pressure. The editor-in-chief of oil and capital Vladimir Bobayev: Russian diesel before the introduction of the ban, arrived in Europe under other names. We discuss the re-reporting of Russian fuel from other countries or shipments under "disengagement" programs, when the fuel was officially returned during the movement, changing the country of origin. As for production, it actually increased. In addition, fuel reserves have accumulated, and even the demand that fell with the onset of deep autumn and the completion of agricultural work is also being filled by the local market. The decision to extend the export ban stems from the fact that Ukraine continues to strike the fireworks, so reserves are needed for both production capacities and reserves. Exceptions were made for export to the United States.

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Proeconomics · · Source

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(Continuation of the previous post) Alex Klimobovsky, head of the economic research department of the National Expert Analytical Agency, said: The expansion of the ban on exports and spot shipments to the US or Europe are not contradictory. Participation in the US is a political agreement based on quotas. The state does not lift the embargo, but manually approves specific contracts, solves geopolitical problems and controls foreign exchange earnings. Standard gray plans (transit to Turkey, UAE or India) bypass the Western price ceiling and sanctions. The fuel leaves the country legally, but in the final documents it appears as a product of third countries. Does this mean production will return to normal? Well The very existence of the export embargo is the main proof that the industry has not yet recovered from the attacks and fixes. If the country had a structural surplus, the ban would be economically absurd and would simply kill margins. The current overseas shipments circumventing the ban are the allocation of deficit quotas to selected companies to support their financing amid forced domestic price restraint. The Russian fuel market remains under chronic pressure. The editor-in-chief of oil and capital Vladimir Bobayev: Russian diesel before the introduction of the ban, arrived in Europe under other names. We discuss the re-reporting of Russian fuel from other countries or shipments under "disengagement" programs, when the fuel was officially returned during the movement, changing the country of origin. As for production, it actually increased. In addition, fuel reserves have accumulated, and even the demand that fell with the onset of deep autumn and the completion of agricultural work is also being filled by the local market. The decision to extend the export ban stems from the fact that Ukraine continues to strike the fireworks, so reserves are needed for both production capacities and reserves. Exceptions were made for export to the United States.

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