Finance
Putin signs law to boost domestic gasoline supplies
Published by Global Banking and Finance Review
Posted on November 28, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 28, 2025
1 min readLast updated: January 20, 2026
Putin signs a law to boost Russian gasoline supplies, addressing shortages caused by Ukrainian attacks, with tax benefits for oil processed in Belarus.
MOSCOW (Reuters) -Russian President Vladimir Putin has signed a law aimed at boosting domestic gasoline supplies, including with fuel produced by Russian companies at Belarusian refineries, state-run RIA news agency reported on Friday.
Russia is facing fuel shortages after a spate of Ukrainian attacks on its refineries. In late September it imposed a partial ban on diesel exports and extended an existing gasoline export ban until the end of the year.
The new law amends the tax code to allow Russian companies to claim a reverse excise tax on oil processed abroad under tolling arrangements.
Currently, Russian oil is refined in Belarus under a similar scheme, with all resulting gasoline products owned by Russian firms and mainly supplied to the domestic market, Deputy Finance Minister Alexei Sazanov said earlier.
(Reporting by Maxim Rodionov)
An excise tax is a type of tax imposed on specific goods and services, often included in the price of the product. It is typically levied on items such as fuel, alcohol, and tobacco.
A refinery is an industrial facility where crude oil is processed and transformed into useful products such as gasoline, diesel, and other petrochemicals through various refining processes.
A reverse excise tax allows companies to reclaim taxes paid on goods that are processed or manufactured outside their home country. This can help reduce costs and encourage domestic production.
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