Russia economy meltdown as Moscow bans gasoline exports after 25% surge

Russia economy meltdown as Moscow bans gasoline exports after 25% surge

The worsening fuel shortage and increasing prices over the past two years have forced Moscow to apply temporary gasoline export bans multiple times already.

Russia reportedly planning full ban on gasoline exports

The Russian government has prepared a draft resolution to impose a complete ban on gasoline exports, Kommersant reported, citing sources familiar with the matter. According to the outlet’s sources, the embargo will take effect on August 1 and remain in place for at least a month, with a possible extension through the end of September. The suspension of gasoline exports is intended to “cool down the fuel market,” where prices are approaching hist…

Russia Set to Ban Gasoline Exports for Two Months as Domestic Prices Soar

Russia will impose a complete ban on gasoline exports starting August 1 for at least two months as domestic fuel prices approach historic highs, three industry sources familiar with government plans told Reuters Thursday. The export ban, which would include major oil producers for the first time this year, is designed to stabilize Russia’s domestic […]