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Development of Russian precious metals sales planning under the conditions of macroeconomic and geopolitical instability

Introduction. Under the influence of external limitations, Russian precious metals market faced new threats and challenges. Metallurgical companies have been forced to re-engineer aff ected business processes. One of the main tasks is to reassess their approach to sales planning. Theoretical analysis. High market volatility triggered by increased macroeconomic and geopolitical risks causes price bubbles. Bubbles have a negative impact on the market because they produce serious deviations from fundamental levels. There is a defi nite connection between negative news and bubbles growth. Empirical analysis. Precious metal prices showed high volatility in 2022. The analysis revealed at least one palladium price bubble formed during March. In the face of increased uncertainty, the main sales objective was to sell as much of the production as possible, which most metallurgical companies have coped with. Results. In order to develop sales planning under constraints, a combined approach is proposed that gives minimal deviations from average prices and reduces bubble probability. It is worth using econometric models for the early identifi cation of price deviations from its fundamentals. It is necessary to encourage the regional trading hubs of precious metals.

Integrated development problems of the oil and gas complex logistics infrastructure

Introduction. The effective operation of industrial production, transport and processing facilities depends directly on the logistics infrastructure. This is confirmed by a significant share of logistics infrastructure costs in the investment programs of vertically integrated companies. Theoretical analysis. A theoretical study of the logistics infrastructure, its current state and prospects for development is carried out, the types of logistics infrastructure and areas of responsibility are analyzed: supply, intra-industry support and sales. Theoretical research methods were used, and the analysis of different types of logistics infrastructure designed for specific purposes at different stages of the life cycle in the supply chains of the investment project was performed. Еmpirical analysis. The possibility of reverse use of logistics infrastructure facilities, i.e., for the supply of oil and gas facilities and the sale of processed products, is analyzed. The concept of logistics infrastructure is specified, which allows to specify their share in investment costs. Results. The approach proposed by the authors will allow to take into account the importance of integrated construction of the logistics infrastructure of the Arctic region of Russia in the foreseeable future, increase the efficiency of investments, and further reduce costs at the stage of operation and elimination of industrial and social facilities.