03/01/24

Permalink Russia to ban gasoline exports for 6 months, RBC daily reports

Russian Prime Minister Mikhail Mishustin has approved a ban on gasoline exports for six months starting from March 1, the RBC daily reported on Tuesday, citing two sources. | The temporary export ban does not apply to the agreed volumes of supplies to the Eurasian Economic Union countries, Mongolia, Uzbekistan, Abkhazia and South Ossetia, RBC said. Deputy Prime Minister Alexander Novak earlier addressed the prime minister with a proposal to introduce the temporary ban. In a letter dated Feb. 21, Novak noted that seasonal demand for the fuel will soon pick up in the domestic market.

Russia to BAN Gasoline Exports for 6 Months (Hal Turner) [...] Yet no one is blind to the fact that such an export ban will severely harm Western countries who are presently supporting Ukraine in its conflict with Russia. Russia can increase and decrease oil, gasoline, and Diesel fuel production at will because they have so much of it. Europe was still getting gasoline, albeit thru secondary sources. Now, they get nothing. Nothing.

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