Russia imposes gasoline export ban from April 1
pre-market1 source ↓written by the desknot a recommendation
- to prioritize domestic
- 1 April
The Russian government announced a ban on gasoline exports starting 1 April to prioritize domestic supplies and stabilize fuel prices amid the ongoing US-Iran conflict. Deputy Prime Minister Alexander Novak highlighted that the Middle East crisis is causing fluctuations in global oil prices, while demand for Russian energy remains strong. This move aims to prevent domestic fuel prices from exceeding forecasted levels.
Not investment advice. For informational purposes only.