Russia Implements Six-Month Ban on Petrol Exports

The ban, starting March 1, aims to stabilize domestic prices and address shortages following Ukrainian attacks on refineries.

Russia's government has announced a six-month ban on petrol exports to counteract domestic shortages and rising prices.
The ban exempts member states of the Eurasian Economic Union, Mongolia, Uzbekistan, and breakaway Georgian regions of Abkhazia and South Ossetia.
Ukrainian attacks on Russian refineries have significantly impacted Russia's ability to refine crude oil into petrol and diesel.
Russia produced 43.9 million tonnes of petrol in 2023, exporting about 5.76 million tonnes, primarily to African countries and the United Arab Emirates.
The export ban is part of broader efforts by Russia and OPEC+ to support global oil prices, including voluntary cuts to oil and fuel exports.