Russia bans gasoline exports for 6 months from March

Russia bans gasoline exports for 6 months from March

The move aims to address rising domestic demand while enabling planned refinery maintenance.

Lukoil
Russia previously imposed a similar ban in September and November last year to tackle domestic price spikes and shortages. (Lukoil pic)
MOSCOW:
Russia on Tuesday announced a six-month ban on gasoline exports from March 1 to compensate for rising demand from consumers and farmers and to allow for planned maintenance of refineries.

The ban, first reported by RBC, was confirmed by a spokeswoman for deputy prime minister Alexander Novak.

Russia previously imposed a similar ban between September and November last year in order to tackle high domestic prices and shortages. Only four ex-Soviet states – Belarus, Kazakhstan, Armenia and Kyrgyzstan – were exempt.

This time, the ban will not extend to member states of the Eurasian Economic Union, Mongolia, Uzbekistan and two Russian-backed breakaway regions of Georgia – South Ossetia and Abkhazia.

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