AGP Executive Report
Last update: 4 hours agoOil and Gas: Russia’s oil and gas tax revenues are forecast to rise 10% year on year to about 1 trillion rubles ($12 billion) in October, boosted by excess-profit tax payments. But January–October proceeds are still expected to fall 14% from last year, with oil production down 5% in the third quarter. Fuel Trade: Russian diesel exports have resumed after a deal with Washington, with a shipment from Primorsk heading to Morocco. Moscow says exports could reach 3.5 million tonnes by year-end, though limited refinery capacity may constrain supplies. Crypto Rules: From July 2027, Russians will have to trade cryptocurrency through licensed intermediaries; direct person-to-person deals will no longer be permitted. India Ties: Bilateral trade with India reached $38 billion in the first half of 2026, keeping the countries on course for their $100 billion target by 2030. Business Climate: Russian business investment stalled in the third quarter as profits fell and uncertainty persisted.
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