In response to ongoing sanctions pressure on Russia, the oil sector is receiving calls for greater state support. Officials say the government is actively pursuing measures to stabilize the industry, with Deputy Prime Minister Alexander Novak outlining the direction of these efforts in recent statements reported by TASS. The key focus areas include how taxes for oil workers are calculated, potential adjustments to fiscal instruments, and the modernization of refining capacity as part of a broader strategic response. (Source: TASS)
Several options are being explored for tax calculations and fiscal policy, along with proposals to accelerate the modernization of refineries and to fine-tune the damping mechanisms that influence market stability. These considerations reflect an intent to maintain predictable pricing signals and to preserve the reliability of supply under fluctuating international conditions. The discussions also touch on how the state can balance incentives for investment with the need to fund essential energy infrastructure, while navigating external pressures and market volatility. (Source: TASS)
Novak noted that from the start of the year, there has been no change in the retail prices of gasoline and diesel within the country. The government intends to keep these prices aligned with inflation under normal conditions, provided that exports remain at typical levels and the macroeconomic environment remains stable. This stance is presented as a way to shield domestic consumers from short-term shocks while ensuring that the energy sector can meet domestic demand and export commitments. (Source: TASS)
In the event of a surplus in the fuel market, which is atypical for the domestic balance, authorities would consider a set of non-trivial decisions regarding refinery loading. The specific measures have not been disclosed, but the aim is to manage supply, refine capacity utilization, and maintain price discipline during abnormal market episodes. (Source: TASS)
Novak also warned that the Western markets could face an even sharper rise in energy prices due to perceived policy missteps and planning gaps among European decision-makers. He stressed that Russia has not contributed to energy shortfalls and that any observed price increases in Western markets are not a result of Russia’s actions. The remarks underscore a narrative that attributes energy stress abroad to policy choices rather than to bilateral relations with Russia. (Source: TASS)