Russia · Country watch
Diesel Deal with US, Brent Oil Surges
Russia's diesel trade with the US begins, and Brent oil prices surge past $112, impacting energy markets.
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Business conditions in Russia are mixed as the diesel trade deal with the US begins, boosting energy ties, while rising oil prices and stock market fluctuations create uncertainty.
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In this briefing Brent Crude · WTI · Moscow Exchange · Rosstat · Kirill Dmitriev · Russian Direct Investment Fund · United States
Regulation
Nothing significant reported today.
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Brent Oil Price Exceeds $112 Per Barrel
Brent crude oil prices rose above $112 per barrel for the first time since May, according to Infox.ru and AiF Argumenti i Fakti. This price increase is attributed to geopolitical tensions and declining oil inventories globally. The surge in oil prices is also reflected in the futures market, with WTI prices experiencing similar gains. The rise in oil prices is expected to have broad implications for energy markets worldwide.
Impact Energy companies and financial markets will adjust to higher oil prices, affecting costs and investment strategies.
Sources: infox.ru ↗, AiF Argumenti i Fakti ↗, RIA ↗
Moscow Stock Indices Dip Amid Profit-Taking
The Moscow Exchange indices, MOEX and RTS, fell by 0.3% at the start of trading on Thursday, Interfax reports. This decline is attributed to selective profit-taking by investors, despite a generally positive market sentiment driven by optimistic geopolitical news regarding the Ukraine situation. The rise in Brent oil prices and data from Rosstat indicating a slowdown in inflation provided additional market support.
Impact Investors in Russian equities may experience short-term fluctuations as profit-taking impacts stock indices.
Sources: interfax ↗
Trade
Russia-US Diesel Trade Starts 23 October
Russia will begin executing its diesel trade agreement with the United States on 23 October, according to Kirill Dmitriev, the Russian President's special representative for investment and economic cooperation. This marks a significant step in energy cooperation between the two countries. The deal, first announced earlier this year, aims to stabilize diesel supplies amid global market fluctuations. Dmitriev's announcement was reported by Izvestia and Ukraina.ru, highlighting the strategic importance of this agreement for both nations.
Impact Energy traders and logistics firms will see increased activity as diesel shipments between Russia and the US commence.
Sources: Izvestia ↗, Ukraina.ru ↗
Politics
Nothing significant reported today.
Also today in Russia
- Payments in national currencies above 90% in EAEU — Russian Foreign Ministry — Tass
- Рубль утром дорожает к юаню на фоне уверенно растущей в цене нефти — interfax
- Putin signs decrees appointing new Cabinet members — Tass
- Russian stock indices plunging in early trading hours — Tass
- Natural disasters damage to China reached $29.6 bln in 2026 — Tass
- Forecasts of Armenia-EU trade growth speculative — research — Tass
- Экономист Балынин спрогнозировал снижение ключевой ставки 23 октября — AiF Argumenti i Fakti
- МВД Франции усилит меры безопасности во время протестов 24 октября — interfax
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
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- Italy: Italy's Markets Plunge, Repair Law Enacted
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- Morocco: AfDB Funds Reforms, Inflation Rises
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- Malaysia: TH Executives Charged; Civil Servants App Ban
- Nigeria: Ebola No-Fly Order, Telecoms Summoned, Petrol Seized
- Netherlands: Dutch Auto Sales Decline, Record Fine for Illegal Gambling
- Poland: Minister Resigns, Protests Spread, Market Falls
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- Syria: Syria Awards Road Contracts, ISIS Cell Clashes
- Turkey: TCMB Cuts Rates, SPK Sanctions, Canada Trade Talks
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