Russia bans gasoline exports due to rising fuel prices
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Economics
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Russia bans gasoline exports due to rising fuel prices

gasoline
Source:  online.ua

From March 1, the Russian government will ban the export of gasoline for half a year and increase the rate of sale of diesel fuel on the stock exchange to 16%. Russian authorities plan to fight against the rapid increase in fuel prices.

An export gasoline ban has been imposed in Russia

This information was officially confirmed on February 27 by the representative of the Vice Prime Minister of the Russian Federation, Aleksandr Novak.

What is important to understand is that Novak himself was the author of this idea and actively promoted it among Russian officials.

In order to level the hyped demand for oil products, it is necessary to take measures that contribute to the stabilization of prices on the domestic market of oil products, said Novak's letter, which he sent to the head of the government of the Russian Federation.

In addition, he drew attention to the approaching season of increased fuel demand associated with spring field work, scheduled repairs at the refinery, and summer vacations.

According to the latest data, the temporary ban on exports does not apply to deliveries to the EAEU countries, Mongolia, Uzbekistan, Abkhazia and South Ossetia, which have already been agreed.

SSU chief Malyuk says Russian oil product export lost one-third of its profit

According to SSU chief, Vasyl Malyuk, during the last two months, many oil refining facilities of the Russian Federation were successfully hit.

Many of the enemy's oil refining facilities were successfully hit in the last two months. We reduced the export of oil products by a third, and 55% of their military budget is foreign exchange earnings from the export of oil products.

Vasyl Malyuk

Vasyl Malyuk

SSU chief

He also notes that the SSU works both in the air and at sea, on the front line, and in the enemy's rear, both in temporarily occupied territories and Russia.

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