Russia sets 2027 jet fuel damping price at 71,650 rubles/ton

A draft amendment to Russia's Tax Code proposes raising the conditional domestic jet fuel price used in the damping mechanism to 71,650 rubles per tonne in 2027, up from current levels. This adjustment aims to stabilize airline fuel costs amid inflation, but its impact on actual prices and budget subsidies remains uncertain. The move signals continued state intervention in fuel markets, with implications for Russian airlines and fiscal policy.