On Tuesday, Russia announced a six-month ban on gasoline exports starting from March 1. This measure aims to address increasing demand from consumers and farmers, as well as to facilitate planned maintenance activities at refineries.
The ban, initially reported by RBC, received confirmation from a spokesperson representing Deputy Prime Minister Alexander Novak.
Previously, Russia implemented a similar restriction from September to November of the previous year to address elevated domestic prices and scarcity. Exceptions were granted solely to four former Soviet states – Belarus, Kazakhstan, Armenia, and Kyrgyzstan.
“In order to offset excessive demand for petroleum products, it is necessary to take measures to help stabilize prices in the domestic market,” Novak was quoted as saying in his proposal by RBC.
