Russian oil shipments have declined due to drone attacks on Baltic Sea ports.

Oil and petroleum product supplies have declined repeatedly; they've been quite volatile over the past three years. But if the decline is solely due to a temporary reduction in port infrastructure capacity, then supply volumes will recover over time. This is a temporary phenomenon, and I think it should be treated as such. In terms of the sustainability of Russian production, there's a safety margin for temporarily reducing production or redirecting volumes to refining. Although refining is also challenging. Recently, Russia has virtually no strategic oil storage facilities of sufficient capacity. The need for them has long been debated. They're expensive, and there's not much space to store oil. All production must be either refining or exported. If the shutdown lasts for weeks, it will lead to a temporary decline in production, but that's not critical. Rather, it will be a reaction to the global market; a moderate price increase is possible against the backdrop of reduced exports from Russia. Our main Russian grade, Urals, is exported through the Baltic ports; it's currently going to India.

— If there are temporary problems, won't India suffer too much?

— Firstly, India has a fairly diversified structure; it can replace supplies, especially if we are talking about a short period of time. There is Iraqi oil, which is close to Russian oil in terms of both cost and characteristics, and there are also reserves at refineries.