"Russia Halts Gasoline Exports for 6 Months Amid Ukraine Strikes"

Russia has ordered a six-month ban on petrol exports starting from March 1, in an effort to avert shortages and spiking prices on the domestic market amid rising local demand. The ban will not apply to member states of the Eurasian Economic Union and is expected to create space for the maintenance and repair of refineries, some of which have suffered attacks in recent months amid the war in Ukraine. This move comes as Russia is already voluntarily cutting its oil and fuel exports by 500,000 barrels per day in the first quarter as part of OPEC+ efforts to support prices.