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Russia bans gasoline exports for 6 months from March 1

Russia bans gasoline exports for 6 months from March 1

Tuesday, February 27, 2024, 14:20 GMT+7
Russia bans gasoline exports for 6 months from March 1
A gasoline tank truck is seen at a fuel station on the territory of the Krasnoyarsknefteproduct oil product company in Krasnoyarsk, Siberia, October 10, 2014. Photo: Reuters

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.

Reuters

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