Russia Imposes Temporary Ban on Gasoline and Diesel Exports to Stabilize Domestic Fuel Market

Russia has implemented a temporary ban on gasoline and diesel exports to combat fuel shortages and stabilize domestic prices.
Shortages of gasoline and diesel led to price spikes, prompting the government to restrict exports to saturate the domestic market.
The export ban aims to prevent unauthorized "grey" fuel exports and reduce costs for Russian consumers.
The restrictions do not apply to Eurasian Economic Union members with inter-governmental agreements.
Global fuel prices rose in response to concerns Russia is weaponizing its energy supplies amid economic sanctions related to the war in Ukraine.