Russia to ban gas exports for 6 months

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Russia will impose a six-month ban on gasoline exports starting March 1 to meet rising domestic demand, the RBC news outlet reported Tuesday, citing two government sources and a representative of Deputy Prime Minister Alexander Novak.

Novak was said to have told Russian Prime Minister Mikhail Mishustin in a letter last month that demand for fuel will grow because of summer vacation travel, spring fieldwork on farms and planned repairs at oil refineries.

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“In order to offset the booming demand for petroleum products, measures are needed to help stabilize domestic prices,” an internal letter Novak sent to Mishustin was quoted as saying by RBC.

A representative for the Deputy Prime Minister confirmed to RBC the government’s decision to introduce a six-month gasoline export ban.

www.themoscowtimes.com/2024/02/27/russia-to-ban-gasoline-exports-for-6-months-a84257

 

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