FAS Proposes Registration of Over-the-Counter Deals with Gray Fuel

Russia's Federal Antimonopoly Service (FAS) has proposed mandatory registration of over-the-counter contracts for the sale of gray fuel. The measure is aimed at strengthening market control and increasing transparency of operations in the oil and gas industry. The change is expected to impact the structure of transactions, especially in the segment of illegal or unaccounted fuel. Specific implementation timelines and details of the registration mechanism have not yet been announced.