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Russia suspends cut in fuel subsidy to support domestic supply
Russia pauses fuel subsidy cuts, protects domestic supply ahead of winter.
Russia has decided to halt until next May a planned reduction in its “damper” subsidy to oil refineries, which encourages domestic sales over exports. The government also exempted winter fuel oil blended outside refineries from excise duty. The policy pause aims to stabilize domestic fuel markets ahead of winter, even as crude price dynamics and export demand remain volatile globally. (Reuters)