Economy

Fuel Crisis Reaches Ingushetia, Regions Continue to Blame Hype. Summary as of June 26

The geography of the fuel crisis continues to expand. Over the past day, confirmation of restrictions has appeared in one more region – Ingushetia. In total, restrictions have affected 84 regions and occupied territories. At the same time, the authorities of several subjects continue to explain the interruptions not by a fuel deficit, but by panic demand, fakes, or logistical difficulties.

Farewell to Superprofits: Corporations in Almost All Russian Industries Are Losing Profitability or Incurring Losses

The financial indicators of large businesses today speak more frankly about the state of the Russian economy than official macroeconomic statistics, where on paper everything is not so bad. Thus, according to the Ministry of Economic Development, if in January-March 2026 GDP was 0.2% less than in the same period last year, then in January-April it was already 0.2% more. But, as "Vedomosti" recently calculated, out of the 28 largest companies in the country, the situation worsened for 21 over the past year - that is exactly three quarters. Small and medium-sized businesses have not fared any better: an increase in the tax burden resulted in a decrease in tax revenues from SMEs by 22.2% in the first quarter of 2026 compared to last year, the Ministry of Finance admitted.

IMO Suspends Evacuation of Ships from Persian Gulf After Attack in Gulf of Oman

The International Maritime Organization (IMO) has temporarily suspended the ship evacuation operation from the Persian Gulf that began this week, following an attack on a cargo ship in the Gulf of Oman.

Fuel Crisis Reaches 83 Russian Regions and Occupied Territories. Update as of June 25

The fuel crisis in Russia continues to expand. As of June 25, official restrictions on fuel sales have been introduced across 32 regions of the Russian Federation and occupied territories. Including local decisions in specific cities, districts, and settlements, official restrictions are in effect in 43 regions and occupied territories. In total, The Insider has recorded both official and unofficial restrictions on fuel sales in at least 83 regions and occupied territories.

Russian Government Assures Sufficient Fuel, Citing Hoarding as Cause for Queues. Crisis Affects Over 80 Regions in Russia

Russia has enough fuel for its domestic market, according to Deputy Prime Minister Alexander Novak. He claims panic buying has led to an artificial increase in demand of approximately 20-30%.

Regional operator halts garbage trucks in Transbaikalia due to gasoline shortage. Previously, it was fined 112 million rubles for garbage collection disruptions.

The regional waste management operator "Oleron+" announced the temporary suspension of garbage truck operations in four districts of the Transbaikal Territory due to a lack of fuel. Previously, a court ordered the company to pay over 112 million rubles following thousands of resident complaints about overflowing containers and violations of the waste collection schedule.

Sevastopol Hotels and Restaurants Revenue Halved, Establishments Beginning to Close. Businesses Request Large-Scale Government Assistance

Representatives of Sevastopol's tourism and restaurant industries have appealed to regional and federal authorities for large-scale support measures amidst a fuel, logistics, and energy crisis. Local media report this.

Senator's Son Aims to Create Russia's Largest Crematorium Network

Egor Bryksin, son of Kursk Oblast Senator Alexander Bryksin, is preparing to establish the third and largest private crematorium network in Russia, following the Rostov-Yakutsk network of Viktor Shkurenko and Igor Bak, and the Ulyanovsk "Regional Cremation Service" of the Burlakovsky family, according to "Funeral Trust."

Bashkortostan Sold 6% of Bashneft Shares to Rosneft. The Republic Held a Blocking Stake

Bashkortostan sold 6% of its Bashneft shares to Rosneft. The head of the republic, Radiy Khabirov, announced this in an interview with the Bashinform agency. He called it a "clean financial settlement":

In Crimea, passenger transport to trains began to be canceled due to fuel shortage, forcing them to travel 200 km by taxi

Passengers of train No. 184 Sevastopol-Murmansk were forced to get to the departure station in Kerch on their own after the carrier failed to provide the promised bus. According to the Sevastopol publication ForPost, the reason for the cancellation of the flight was the lack of fuel.

Restrictions on gasoline sales introduced in the Kursk region

Restrictions on gasoline sales have been introduced in the Kursk region - from tomorrow, fuel will only be dispensed into car tanks. This was announced by the region's governor, Alexander Khinshtein.

Oil spill from SOCAR underwater pipeline near Azerbaijan coast in Caspian Sea

Azerbaijan's state oil company SOCAR reported an oil spill in the waters between Pirallahi Island and Dubendi beach on the Caspian Sea coast. According to the company, the leak originated from one of the underwater pipelines of the Azneft production association.