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Russia lifts a ban on gasoline exports from producers economy

manhattantribune.com by manhattantribune.com
30 November 2024
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Russia lifts a ban on gasoline exports from producers economy
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The Russian government said on Saturday that it had lifted a temporary ban on gasoline exports from producers, but extended restrictions until January 31, 2025 on other fuel exporters, such as independent sellers or resellers.

The initial ban on gasoline exports was scheduled to expire at the end of this year.

This ban does not include gasoline exports to:

  • The Eurasian Economic Union led by Moscow, which includes a number of former Soviet Union countries.
  • Countries with which Russia has intergovernmental agreements for fuel supplies, such as Mongolia.

The government said in a statement, “This decision was taken to maintain the stability of the situation in the local fuel market, support the oil refining economy, and combat the export of vehicle gasoline in the gray (parallel) market.”

Last year, Russia produced 43.9 million metric tons of gasoline, and exported about 5.76 million tons, or approximately 13% of its production.

The largest importers of Russian gasoline are Nigeria, Libya, Tunisia and the UAE.

Also in Russia, the Russian gas company Gazprom said that it will send 42.2 million cubic meters of gas to Europe via Ukraine on Saturday, an amount that is largely in line with what it sent over the past few days.

Tags: baneconomyexportsgasolineliftsproducersRussia
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