"Russia Implements 6-Month Ban on Gasoline Exports"

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Source: The Moscow Times
"Russia Implements 6-Month Ban on Gasoline Exports"
Photo: The Moscow Times
TL;DR Summary

Russia will ban gasoline exports for six months starting March 1 to address rising domestic demand, particularly due to summer vacation travel, spring fieldwork, and planned refinery repairs. The ban aims to stabilize domestic prices and follows previous restrictions imposed between September and November. Exemptions include members of the Eurasian Economic Union, as well as Uzbekistan, Mongolia, and Georgia’s separatist regions. This move comes after Russia increased gasoline exports to new buyers following bans by the US, EU, and G7 countries over the Ukraine invasion.

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