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groups for Eastern Europe, the Middle East, and the Far East, which by law have the right to decide who sits on the board of governors. Other former Soviet Central Asian countries - Uzbekistan, Turkmenistan, Tajikistan, and Kyrgyzstan - are also excluded from the board, as are island states including Bahrain, Fiji, and Papua New Guinea.
The EU has been the biggest importer of fossil fuels from Russian the start of the war in Ukraine, despite sanctions and embargoes.
9.1.1c Gas sector news
Russians will have their gas tariffs increased by 20% in order to patch up Gazprom’s budget.
The Russian authorities are preparing a record increase in gas tariffs for citizens in 11 years in order to fill the budget of Gazprom, which has lost three-quarters of its revenue in the key European market.
Wholesale gas tariffs for the population will be increased by 11.2% from July 2024, and by another 8.2% from July 2025, according to the forecast published by the Ministry of Economy.
Cumulatively, over two years, gas prices for citizens will rise by 20%, and since
111 RUSSIA Country Report October 2023 www.intellinews.com