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Russia to ban petrol exports

Al Jazeera · Recent
Al Jazeera
Al Jazeera
Recent

The Russian government is imposing a complete ban on petrol exports. The decision is meant to prevent Russian petrol producers from selling abroad. While Moscow continues to export crude oil and other oil products including diesel, despite international sanctions.

Breakdown
  • Russia bans all gasoline exports from April 1 to stabilize domestic prices. 14s
  • The ban excludes petrol under international agreements and does not affect crude or diesel. 28s
  • Recent Ukrainian drone attacks have disrupted Russian oil exports. 38s
  • Government subsidies have not eased producer discontent over rising costs. 1m 46s
  • Analysts expect the ban to slow price growth but not significantly lower prices. 2m 15s
EnergyInternational PoliticsEconomy