Russia to ban gasoline exports for 6 months from March 1

 The Russian government plans to introduce a temporary ban on gasoline exports for six months from March 1, 2024 in order to offset the growth in demand in the spring and summer, TASS reports citing Russian Deputy Prime Minister Alexander Novak’s representative.

“I confirm that,” he said, commenting on the reports in the media about the ban.

The temporary export ban does not apply to the Eurasian Economic Union countries, as well as Mongolia, Uzbekistan, Abkhazia and South Ossetia.

In September, 2023 Russia introduced a ban on fuel exports - except to Armenia, Belarus, Kazakhstan and Kyrgyzstan - in order to tackle high domestic prices and shortages. Almost all the restrictions were subsequently removed by November.