Russia is seeking to increase cargo traffic along the Northern Sea Route and Arctic oil production, but faces serious challenges. Boris Martsinkevich and Vladimir Bobylev discuss how realistic the government’s ambitious plans to increase shipping volumes are in the face of sanctions, a shortage of gas carriers, and infrastructure problems. The discussion also focuses on the impact of imperfect competition on domestic fuel prices and dependence on oil exports, mainly to China and India.

0:00 Guest of the issue Vladimir Bobylev - chief editor of the magazine "Oil and Capital"
0:50 Gasoline is getting more expensive: Why are fuel prices rising in Russia?
3:07 Administrative Axe: How does the state regulate the fuel market?
5:00 Gasoline in the Far East: Crisis or Norm?
10:45 Getting Off the Needle: Raw Material Exports and Dependence on China
16:19 Tankers, gas carriers and long-term construction projects: What's wrong with shipbuilding in Russia?
21:21 Damper: Stimulus for the oil industry or a headache for the budget?
24:50 Reshetnikov's Methodology: How are oil taxes calculated?
28:52 Russian Exchange: Statistics vs. Reality
31:00 Embargo and presidential orders: Is the Ministry of Finance ignoring the head of state?
34:00 Where is the Ministry of Finance looking? Is the domestic market a priority only in words?
38:02 Learning from China: How to Regulate Gasoline Prices?
41:34 What to do with the oil industry? Finding solutions and dialogue

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