1/5 Latest @KSE_Institute update on @SelfSanctions:

Only 30 companies left Russia in 2024, 7 in March, raising exits to 378. Meanwhile, 1,211 firms are on the way to leave, but 2,170 are still operating freely.

More: t.ly/H8dgA
2/5 March Exits: Notable exits include @Deezer, @densoeurope, and Teijin through liquidation, alongside @dxctechnology, @ForacoDrilling, @GrantThornton, Herpa.

1/5 March's 'Russian Oil Tracker' by KSE Institute: RU Still Relies Heavily on Shadow Fleet, Vessel Designations Need to Be Scaled Up. Oil export revenues stood at $15.7B, with a 3% drop in exports offset by higher Urals FOB prices (+$4/bbl to $66/bbl): t.ly/4MYjM
2/5 In Feb, 225 Russian shadow fleet tankers departed from ports, with 84% over 15 years old, posing environmental risks for the EU. Currently, OFAC has sanctioned 41 shadow tankers: 29 unloaded and not scheduled, 7 loaded but inactive, and 5 completing voyages.

1/7: The @KSE_Institute's study "Analysis of Foreign Business Exits from Russia" reveals a potential deal value of $25 billion from 300 company exits. Full study here: t.ly/1b9qq
2/7: Of these companies, those that have fully withdrawn had generated $82 billion in revenue, compared to $65 billion by companies still in the process of exiting.

1/7 Russia's federal budget shows a strong improvement, driven by robust revenue collection and expenditure restraint. A deficit of 1.7 trillion rubles in Jan-Sep marks 58% of the full-year planned in the 2023 budget. Full Chartbook: 2/7 Russia's oil and gas earnings surge due to rising prices and a weaker ruble. In September, federal oil and gas revenues totaled 12.3 billion. Extraction taxes hit 1.2 trillion rubles in August, a record since May 2022.

#SelfSanctions

Impact of @SelfSanctions on foreign companies’ exiting 🇷🇺 – digest KSE Institute (12.12 – 18.12)
bit.ly/3WwqTvZ

Key points below
1\6 From February 24, 144 companies completed withdrawal from 🇷🇺, 1156 companies have curtailed 🇷🇺 operations, 501 have reduced current operations and held off new investments in 🇷🇺, and 1201 companies continue to work in 🇷🇺
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@KSE_Institute & @sanctionsgroup insights from Expert Conference on the Impact of Russian Sanctions
@daria_sofina @NAZK_gov Individual sanctions may be some numbers that we can refer to as the number of assets that were frozen in different jurisdictions. One of the impacts of individual sanctions, we understand that they have a really chilling effect.

@KSE_Institute & @sanctionsgroup insights from Expert Conference on the Impact of Russian #Sanctions

1. Russia is losing the #Gas battle it has launched against the West

@McFaul @CraigKennedy77 @elinaribakova @BLSchmitt @ben_moll @ben_hilgenstock @Nataliia_Shapo
1/5 Before the invasion of #Ukraine, 65% of Russia’s total gas exports by volume went to Europe, and around 90% by value, since exports to China and the CIS are at a much lower price
2/5

@KSE_Institute & @sanctionsgroup insights from Expert Conference on the Impact of Russian Sanctions
1. Russian oil exports volumes appeared to be resilent to sanctions since the invasion while revenues still exceeded 2021 average in Nov.22
@Nataliia_Shapo 2. Structure of exports changed substantially as Russia was able to redirect the oil from Europe to China, India and Turkey proposing record discounts