A petrol pump nozzle fills the tank of a car at a fuel station of Neftmagistral company in Moscow, Russia, September 8, 2023. REUTERS
- Russia suffering fuel crunch due to combination of factors
- Fuel export ban does not apply to Moscow-led economic union
It said the ban did not apply to fuel supplied under inter-governmental agreements to members of the Moscow-led Eurasian Economic Union, which includes Belarus, Kazakhstan, Armenia and Kyrgyzstan.
"Temporary restrictions will help saturate the fuel market, which in turn will reduce prices for consumers," the government said in a statement.
The energy ministry said the measure would prevent unauthorised "grey" exports of motor fuels.
The ban is indefinite and further actions will depend on the saturation of the market, according to Russian First Deputy Energy Minister Pavel Sorokin.
"We expect that the market will feel the effect quickly enough. But then it will depend on the saturation of the market and the results," Sorokin said.
