Government 2024: New Configuration of Regulators

While the result of the presidential election in Russia was absolutely predictable, further moves forming new government agencies were more intriguing.

Under the Russian Constitution, the election of the head of state automatically means dismissal of the government and chiefs of the presidential administration. This is a good moment for staff and structural changes.

Eventually, on the one hand, it would seem that Putin chose to avoid radical decisions on the civilian part of the Cabinet. Prime Minister Mishustin kept his post and almost all deputy prime ministers did. On the other, there are still meaningful changes. Among others, in the way the oil and gas sector is controlled. First of all, the Ministry of Energy got a new head. This alone deserves special attention.

But a new minister is not all there is to it. So it is not by chance that the new system of fuel and energy sector regulation became the focus of our attention.

Our report gives a detailed account of the following subjects:

The political and business life story of the new Energy Minister

• How did Sergey Tsivilyov manage to become minister and what will his tactics be in the new post?
• New lines of bureaucratic controversies
• Will there be changes in the ministry?

New powers of Deputy Prime Minister Alexander Novak

• Will there be enough time for energy?
• Will he be able to give orders to the Finance Ministry?

New Senior Deputy Prime Minister and distribution of powers between deputy prime ministers

• Supervisors of import substitution, climate policy, and antimonopoly measures
• New edition of Putin’s system of checks and balances

Changes in the presidential administration

• Innovations in the economic division
• New presidential representative for liaison with international organisations for sustainable development

How will key issues of the oil and gas sector development be administered, including the OPEC+ deal?

Relations between corporations and regulators

How will the new system of fuel and energy sector regulation function in the near future?

• Its first strength test
• Possible behaviour models of the new minister
• Relations between the deputy prime minister in charge of the sector and the minister
• Main problems on the oil production and taxation agenda

Contents of the report: