Russia is considering imposing a ban on gasoline exports starting from March, aimed at maintaining price stability in the domestic market. Deputy Prime Minister Alexander Novak is scheduled to head a meeting with government officials and oil producers to discuss this proposal. The date for the meeting has not been finalized, but it is likely to take place between Tuesday and Thursday of next week.
Precautionary Measure Before the Farming Season This move comes as Russia prepares for the crop planting season, as the government seeks to avoid any potential fuel shortages or price hikes that could impact the agricultural sector.
The initial ban on gasoline exports was implemented in March of last year to address the sharp rise in wholesale fuel prices and to prevent shortages in the domestic market.
It is worth noting that if the ban is implemented, it may exempt certain countries, such as those in the Eurasian Economic Union, which is a group of five countries that were members of the Soviet Union before its collapse. It may also exempt countries with special agreements with Russia for fuel supplies, such as Mongolia.
Russia is one of the largest exporters of gasoline in the world, so any ban on its exports could impact global fuel prices.
