Russia confirms 6-month ban on gasoline exports - Breaking The News
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Russia confirms 6-month ban on gasoline exports

EPA-EFE/CHRISTIAN BRUNA

Russian Deputy Prime Minister Alexander Novak confirmed on Tuesday that Moscow will implement a six-month ban on gasoline exports from the country starting from March 1.

Earlier, Russia's RBC Daily reported citing sources that Prime Minister Mikhail Mishustin approved the temporary ban on the export of gasoline from Russia, as well as a decision to increase the standard for diesel sales on the stock exchange to 16%. According to the newspaper, the temporary restriction will not apply to the agreed export volumes for the five post-Soviet countries, as well as Mongolia, and Uzbekistan.

Last September, Moscow introduced a temporary ban on the export of gasoline and diesel fuel in order to stabilize the domestic market.

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