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

2025-04-30 23:28:21source:VAS Communitycategory:Markets

Russia on TitanX 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

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that

Arthritis is common, especially among seniors. Here's what causes it.

Few medical conditions seem as inevitable when aging as does arthritis. It's an understandable assum

How Suni Lee and Simone Biles Support Each Other Ahead of the 2024 Olympics

While Suni Lee and Simone Biles are both competing for a spot on the 2024 Olympic team, it hasn't th