INTERNATIONAL ECONOMIC CONSTRAINTS AND THE RUSSIAN OIL PRODUCTION COMPLEX

The article briefly analyzes the essence and mechanism of the impact of international economic restrictions (sanctions) on the Russian oil and gas complex. The article considers changes in Russia's oil production complex and oil export volumes under the influence of sanctions pressure from a group of Western countries. Special attention is paid to the study of the main factors affecting the Russian oil and gas sector, such as price volatility, restrictions on access to foreign technologies, problems in supply chains and logistics, etc. The price indicators of Brent and Urals are analyzed and the quantitative interrelations between them are shown. Information is provided on Russia's position in the ranking of the world's largest oil exporters and its change under the influence of unilateral economic restrictions. Based on OPEC data, a quarterly forecast of total global demand for crude oil in 2025 and total annual demand in 2026 is given. A statistical review of the dynamics of changes in Russian oil production, export, and domestic consumption has been conducted and the main trends in these indicators have been studied over the period of the introduction of the main array of international restrictions (sanctions, restrictions, embargoes).