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Russia extends gasoline export ban for six months, exempting producers
Published by Global Banking & Finance Review®
Posted on February 20, 2025
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 20, 2025
2 min readLast updated: January 26, 2026
Russia extends its gasoline export ban for six months, with exemptions for producers to stabilize the market during high demand.
MOSCOW (Reuters) - Russia has extended its gasoline export ban, with exemptions for producers, for six months, the country's government said on Thursday.
Deputy Prime Minister "Alexander Novak supported the decision to ban gasoline exports for non-producing companies for the period from March 1 to August 31 this year in order to balance the market during the period of increased demand," the government said in a statement.
"Refineries and oil companies that own them will be allowed to export fuel."
At the moment, major oil companies are allowed to export gasoline but traders and resellers are banned from doing so, under a measure originally implemented almost a year ago.
The initial ban sought to address a sharp rise in wholesale fuel prices and the risk of a shortage on the domestic market.
It excludes supplies to the Moscow-led Eurasian Economic Union, a group of five former Soviet states, and to countries such as Mongolia with which Russia has intergovernmental agreements on fuel supplies.
The biggest importers of Russian gasoline include Nigeria, Libya, Tunisia and the United Arab Emirates.
(Reporting by Reuters; Writing by Anastasia Teterevleva and Maxim Rodionov; editing by David Evans and Cynthia Osterman)
The gasoline export ban has been extended for six months, from March 1 to August 31.
Refineries and oil companies that own them are allowed to export fuel, while traders and resellers are banned.
The initial ban aimed to address a sharp rise in wholesale fuel prices and the risk of a shortage in the domestic market.
The ban excludes supplies to the Eurasian Economic Union and countries like Mongolia with which Russia has intergovernmental agreements.
The biggest importers of Russian gasoline include Nigeria, Libya, Tunisia, and the United Arab Emirates.
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