Russia announces 6-month ban on gasoline exports from March 1

Russia announces 6-month ban on gasoline exports from March 1

Russia previously imposed a similar ban between September and November last year in order to tackle high domestic prices and shortages.

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Russia to ban gasoline exports for six months starting March 1, aimed at addressing domestic price concerns.Russia to ban gasoline exports for six months starting March 1, aimed at addressing domestic price concerns.
Reuters
  • Feb 27, 2024,
  • Updated Feb 27, 2024 2:32 PM IST

Russia is to ban gasoline exports for six months, beginning on March 1, a spokeswoman for Deputy Prime Minister Alexander Novak, who oversees the country’s energy sector, said.

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. 

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Russia is to ban gasoline exports for six months, beginning on March 1, a spokeswoman for Deputy Prime Minister Alexander Novak, who oversees the country’s energy sector, said.

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. 

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