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Russia suspends gasoline export ban until June 30
Russia lifted today the six-month temporary ban on gasoline exports, imposed in February to stabilize the situation in the Russian fuel market, giving the 'green light' to the withdrawal of this product until June 30.
© Reuters
Mundo Guerra na Ucrânia
"The Government suspends the application of the temporary ban on oil exports to fuel producers until June 30, 2024", the Council of Ministers said on its Telegram channel.
However, the Government indicated, "the limitations will be maintained from July 1 to August 31".
The ban on the export of gasoline was announced on February 29 for a period of six months, until August 31, with the aim of stabilizing the situation of the Russian fuel market, due to the increase in demand during the spring and summer.
This was the second ban imposed on Russian fuel exports since September, when the Russian government banned the export of gasoline and diesel to stabilize the market.
According to the Government, this ban does not apply to supplies provided under intergovernmental agreements, including the countries of the Eurasian Economic Union, to fuels removed from the country for personal use or to fuels exported for humanitarian aid purposes.
On September 21, the Russian government banned the export of fuels - gasoline and diesel - a measure that did not extend to Kazakhstan, Belarus, Armenia and Kyrgyzstan.
Russia was forced to impose these restrictions in September, as rising fuel prices on the international market encouraged Russian companies to increase exports of gasoline and diesel, which, together with the progressive devaluation of the ruble caused by the war in Ukraine, led to an increase in prices.
The measure had the expected effect and caused a considerable drop in gasoline and diesel prices in most Russian regions, allowing the Government to resume diesel exports in October and gasoline exports in November.
Read Also: Ukraine. Russia and the US exchange accusations at the Security Council (Portuguese version)
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