Publication date: February 27, 2024
Russia Implements Temporary Ban on Gasoline Exports

Russia Implements Temporary Ban on Gasoline Exports

Russia has enacted a six-month prohibition on gasoline exports to manage domestic demand spikes.

Energy Policy

In a move aimed at controlling surging domestic demand for fuel, Russia has declared a temporary cessation of gasoline exports for a duration of six months. This strategic decision comes as the country prepares for the forthcoming presidential elections in March, highlighting efforts to stabilize the local market and ensure sufficient fuel supply amidst increasing demand. The ban is anticipated to have significant implications on global crude oil prices and the energy commodity market, as Russia plays a pivotal role in the global energy supply chain.