Russia plans to ban gasoline exports starting April 1 in a move aimed at stabilizing domestic fuel prices, according to reports by Russian state news agency TASS.
The export restrictions are expected to remain in place for several months, as authorities seek to ensure sufficient fuel supplies within the country and curb rising prices in the domestic market.
Russian officials have previously imposed similar temporary bans on gasoline exports during periods of market volatility and supply constraints.
The latest move comes amid heightened global energy uncertainty and could impact international fuel markets, particularly for countries dependent on imported petroleum products.
However, reports indicated that certain exemptions may apply, including supplies to specific partner countries, although details were not immediately clear. (Newswire)
There has been no immediate independent confirmation from major international agencies, and further details are expected as authorities provide formal announcements.