Government measures to stabilize the fuel market are yielding results, with retail restrictions already being lifted in several regions, the number of operational filling stations growing, and queues shrinking, Russian Deputy Prime Minister Alexander Novak told the Vesti news program.
Russian authorities have imposed a ban on diesel fuel exports to increase supplies to the domestic market, Deputy Prime Minister Alexander Novak announced at еру meeting between President Vladimir Putin and the cabinet.
Russia’s fuel market situation remains tough, given summer peak demand and unscheduled oil refinery repairs, Russia's Deputy Prime Minister Alexander Novak at a meeting at the government's situation center.
Russian Deputy Prime Minister Alexander Novak has instructed oil companies to ensure additional fuel supplies to rapidly meet domestic demand in the regions, according to a statement by the cabinet of ministers following a meeting chaired by Deputy Prime Minister on the situation in the fuel market.
Sufficient fuel volumes have now been secured in Russia to supply the domestic market, Russia's Deputy Prime Minister Alexander Novak said.
The latest meeting on the fuel market situation held by Russia's Deputy Prime Minister Alexander Novak focused on organizing fuel supplies within the framework of northern deliveries, the government's press service said.
Russia' Deputy Prime Minister Alexander Novak instructed officials to prepare a balanced action plan for fuel supply in its domestic market.
The situation in the domestic fuel market remains stable, with prices at gas stations of vertically integrated companies and most stations rising in line with inflation, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
The global oil market is experiencing a deep crisis, with large volumes of oil not reaching the market, Russian Deputy Prime Minister Alexander Novak said.
The volumes of Kazakh oil earlier transported to Germany over the Druzhba oil pipeline will go to other destinations from May 1, Russian Deputy Prime Minister Alexander Novak said.
Russian liquefied natural gas (LNG) is in demand on global markets amid gas shortages due to the Middle East conflict, Russian Deputy Prime Minister Alexander Novak said.
Russian Deputy Prime Minister Alexander Novak on Friday instructed the energy ministry to draft a resolution banning gasoline exports from April 1, the Russian government said.
According to Deputy Prime Minister Alexander Novak, the global energy sector is currently experiencing its worst crisis in several decades.
The Russian economy grew 1% in 2025 according to preliminary data, Russia's Deputy Prime Minister Alexander Novak said at a meeting of the Federation Council's Economic Policy Committee.
The OPEC+ nations have noted the high oil market volatility amid the geopolitical tensions stemming from the development around Venezuela and Iran, Russian Deputy Prime Minister Alexander Novak said.
Russia's annual oil production will increase in the medium term to 540 million tons per year, or 3.8 billion barrels per year, or 10.35 million barrels per day, Russia's Deputy Prime Minister Alexander Novak said.
Inflation slowed to 0.42% in November, while in October, price growth amounted to 0.5%
Gazprom is discussing gas contracts with its Turkish partners and the possibility of extending them into next year, Russian Deputy Prime Minister Alexander Novak said.
The Russian state nuclear corporation Rosatom is currently preparing tender documents for a nuclear power plant in Saudi Arabia, Russian Deputy Prime Minister Alexander Novak said.
Russia is prepared to offer Saudi Arabia its products and technologies in the field of oil and gas equipment, metallurgy, and a number of other industries, Russian Deputy Prime Minister …
