EconomyIN BRIEF: Russian Deputy Prime Minister Novak’s key statements on sidelines of EEF
Deputy Prime Minister Alexander Novak said Russia’s oil production is expected to decline modestly by the end of 2026 while exports remain stable. The government plans to balance domestic fuel supply and demand by raising refinery output and importing additional gasoline. Diesel and jet-fuel supplies are stable, though minor gasoline shortages persist in some regions.
IN BRIEF: Russian Deputy Prime Minister Novak’s key statements on sidelines of EEF