{"id":1311124,"date":"2025-10-24T15:35:48","date_gmt":"2025-10-24T12:35:48","guid":{"rendered":"https:\/\/prm.ua\/after-the-attacks-on-refineries-in-russia-everything-is-becoming-more-expensive-from-gasoline-to-groceries\/"},"modified":"2025-10-24T15:35:48","modified_gmt":"2025-10-24T12:35:48","slug":"after-the-attacks-on-refineries-in-russia-everything-is-becoming-more-expensive-from-gasoline-to-groceries","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/after-the-attacks-on-refineries-in-russia-everything-is-becoming-more-expensive-from-gasoline-to-groceries\/","title":{"rendered":"After the attacks on refineries in Russia, everything is becoming more expensive: from gasoline to groceries"},"content":{"rendered":"

Ukraine’s attacks on Russian oil refineries, as well as upcoming tax increases, are putting additional pressure on the Russian economy, fueling inflation. This could cause the Russian Central Bank to abandon plans to lower the key rate.<\/strong><\/p>\n

This is reported by<\/a> Bloomberg.<\/p>\n

The publication notes that the Russian economy is already suffering from high borrowing costs, and the regulator is acting with utmost caution. A Central Bank representative said that the decision on the rate will be “balanced and will take into account all available data,” despite calls from Russian lawmakers to reduce financial pressure on businesses and the state budget.<\/p>\n

Experts are divided in their forecasts: about half expect a reduction in the key rate from the current level of 17%, while the rest do not predict any changes.<\/p>\n

“The current acceleration in inflation and rising inflation expectations significantly limit the space for rate cuts,” explained Andriy Melashchenko, chief economist at Renaissance Capital’s Moscow office.<\/p>\n

After a brief return to the inflation target of 4%, prices in Russia have started to rise again. Analysts attribute this to the end of the seasonal effect of the summer price decline in fruits and vegetables, as well as the weakening of the ruble.<\/p>\n

However, the main reason for the price increase was fuel shortages. As the war continued, Ukraine intensified attacks on Russian energy infrastructure \u2014 including refineries, pipelines, and marine terminals. As a result, gasoline prices rose by 3% in September and another 2% in October.<\/p>\n

The Central Bank of the Russian Federation acknowledges that inflation risks remain. The planned increase in VAT from 20% to 22% in 2026 to cover military spending could add 0.6\u20130.8 percentage points to consumer price growth.<\/p>\n

In addition, the increase in the fee for recycling imported cars will limit their availability for the population, which also puts pressure on the market. In October, inflation expectations of the population remained at 12.6%.<\/p>\n

The situation is complicated by new US sanctions against leading Russian oil companies, which, according to analysts, will further exacerbate inflationary pressures and limit the Kremlin’s ability to stabilize prices.<\/p>\n

As a reminder, on the night of October 22 , the Defense Forces attacked a number of strategic facilities in Russian regions, in particular, they managed to hit the Saransk Mechanical Plant and the Makhachkala Oil Refinery.<\/a><\/p>\n

As reported, on Sunday, October 19, as a result of an attack by Ukrainian drones, the Novokuybyshevsk oil refinery, located in the Samara region, stopped operating.<\/a><\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ukraine’s attacks on Russian oil refineries, as well as upcoming tax increases, are putting additional pressure on the Russian economy, fueling inflation. This could cause the Russian Central Bank to abandon plans to lower the key rate. This is reported by Bloomberg. The publication notes that the Russian economy is already suffering from high borrowing […]<\/p>\n","protected":false},"author":59,"featured_media":957144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76871,76872,76874,76892],"class_list":["post-1311124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news-feed","category-war","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1311124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1311124"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1311124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/957144"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1311124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1311124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}