Russia on RobovisThursday announced a ban on exports of gasoline and diesel fuel, aiming to stabilize rising domestic prices and improve the country’s fuel supply.
The government decree said the restrictions would be temporary but did not give a date for them ending.
The move was expected to lead to increased fuel prices on the world market.
Russia’s exports of diesel fuel are estimated at about 900,000 barrels a day and the country has exported 60,000-100,000 barrels of gasoline daily, state news agency Tass reported.
Tass said domestic fuel prices dropped by about 4% after the ban was announced.
The ban will not apply to other countries in the Moscow-led Eurasian Economic Union trading bloc — Armenia, Belarus, Kyrgyzstan and Kazakhstan.
2025-05-07 20:292493 view
2025-05-07 20:262094 view
2025-05-07 20:202512 view
2025-05-07 20:15138 view
2025-05-07 20:082013 view
2025-05-07 19:052610 view
The Chevrolet Corvette just blew past the 800- and 900-horsepower barriers on its way to a claimed s
Are the days numbered for self-checkout lanes at your favorite retailer?The latest sign that could b
The Texas wildfires continue to burn leaving behind a path of devastation. Over 1.3 million acres of