Russia plans to ban gasoline exports from April 1 in order to prioritize supply in the domestic market against fluctuations in oil markets due to ongoing tensions in the Middle East.
The government announced this decision after the meeting chaired by Deputy Prime Minister Alexander Novak. At the meeting, Novak instructed the Ministry of Energy to prepare a decree for the implementation of the ban. The state news agency TASS reported that the ban could last until July 31.