Novak Says Russia’s Fuel Market Is Balanced, No Imports Needed

A waiver on fuel import duties through mid‑2026 remains a precaution rather than a driver of inbound supplies.

Overview

Deputy Prime Minister Alexander Novak said supplies cover domestic needs and reported easing demand during Russian Energy Week.
Energy and federal authorities are working in a coordinated headquarters mode with oil companies to add output where required.
The government continues restrictions on gasoline and diesel exports through the end of 2025 to keep more volumes at home.
A moratorium on adjusting the fuel dempfer threshold from October 1 to May 1 is intended to support price stability for producers.
Novak noted that Russia’s infrastructure is built for exports, which limits rapid import options even with duties waived, and he said fuel prices are tracking overall inflation.