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RUSSIA: Investment in Oil Production Expected to Surge in 2025

RUSSIA
CEEMEAEM BulletRussiaBulletEmerging Market News
  • Investment in oil production will grow by 80% compared to the 2023 figure to RUB 4.5trln by 2050, Vedomosti report citing Energy Ministry documents. The biggest increase will be in 2024-2025, with investment reaching RUB 3.8trln next year, 50% more than in 2023.
  • Major Chinese banks have begun restricting business accounts whose legal addresses match those of companies under sanctions, RBC report. The blacklist includes addresses in Hong Kong, Turkey and Russia.
  • Poland seeks measures to halt imports of fertilizers from Russia and Belarus as both countries use “price dumping’’ to destabilize local industries, the nation’s State Assets Minister said in an interview with daily Rzeczpospolita.
  • Foreign Minister Sergei Lavrov continues his visit to Brazil for the G20 summit. Meanwhile, CBR Governor Elvira Nabiullina speaks in the State Duma on monetary policy guidelines for 2025-2027. There are no major data releases scheduled for today.
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  • Investment in oil production will grow by 80% compared to the 2023 figure to RUB 4.5trln by 2050, Vedomosti report citing Energy Ministry documents. The biggest increase will be in 2024-2025, with investment reaching RUB 3.8trln next year, 50% more than in 2023.
  • Major Chinese banks have begun restricting business accounts whose legal addresses match those of companies under sanctions, RBC report. The blacklist includes addresses in Hong Kong, Turkey and Russia.
  • Poland seeks measures to halt imports of fertilizers from Russia and Belarus as both countries use “price dumping’’ to destabilize local industries, the nation’s State Assets Minister said in an interview with daily Rzeczpospolita.
  • Foreign Minister Sergei Lavrov continues his visit to Brazil for the G20 summit. Meanwhile, CBR Governor Elvira Nabiullina speaks in the State Duma on monetary policy guidelines for 2025-2027. There are no major data releases scheduled for today.