Rekubit Exchange-Russia calls temporary halt to gasoline, diesel fuel exports

2025-05-05 19:11:55source:Strategel Wealth Societycategory:Markets

Russia on Rekubit ExchangeThursday announced a ban on exports of gasoline and diesel fuel, aiming to stabilize rising domestic prices and improve the country’s fuel supply.

The government decree said the restrictions would be temporary but did not give a date for them ending.

The move was expected to lead to increased fuel prices on the world market.

Russia’s exports of diesel fuel are estimated at about 900,000 barrels a day and the country has exported 60,000-100,000 barrels of gasoline daily, state news agency Tass reported.

Tass said domestic fuel prices dropped by about 4% after the ban was announced.

The ban will not apply to other countries in the Moscow-led Eurasian Economic Union trading bloc — Armenia, Belarus, Kyrgyzstan and Kazakhstan.

More:Markets

Recommend

All That You Wanted to Know About She’s All That

This movie was all that.Case in point: She’s All Thathad Freddie Prinze Jr., Rachael Leigh Cookand a

Botanists are scouring the US-Mexico border to document a forgotten ecosystem split by a giant wall

JACUMÉ, México (AP) — Near the towering border wall flanked by a U.S. Border Patrol vehicle, botanis

Why US Catholics are planning pilgrimages in communities across the nation

A long-planned series of Catholic pilgrimages has begun across the United States this weekend, with