The Council of Ministers confirmed that Russia will temporarily stop gasoline exports from March 1 09:34

A representative of Russian Deputy Prime Minister Alexander Novak confirmed that the country plans to impose a temporary ban on the sale of gasoline abroad from March 1. Another measure could be to increase the diesel sales standard on the stock exchange to 16%. This was reported by TASS.

“[Информацию] “We approve,” said the agency’s interlocutor.

The export restriction is expected to remain in effect for six months. The initiative is designed to offset the increase in demand for Russian fuel during the spring and summer months, when field work and planned repairs at refineries are carried out.

At the same time, the ban will not affect the previously agreed volumes of gasoline supplies to the EAEU countries, as well as to Mongolia, Uzbekistan, Abkhazia and South Ossetia.

Last week fuel market expert Anastasia Bunina statedIt was stated that Russian authorities will take measures until the end of March to prevent fluctuations in gasoline prices that are noticed by consumers, but gasoline prices will continue to increase starting from April.

Previous experts appreciated Availability of gasoline in Russian regions.

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Source: Gazeta

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