Oil & Gas

25 May 2023

Russia Ready to Support Gasoline Export Restrictions

25 May 2023  by Reuters   

Russia's Federal Antimonopoly Service (FAS) is ready to support restrictions on the export of gasoline if such a mechanism is proposed, the Interfax news agency reported citing FAS head Maxim Shaskolsky.

Sources told Reuters on Tuesday that the Russian government was considering a possible gasoline export ban to prevent domestic fuel shortages and price increases after it moved to cut subsidies for oil refiners. -Reuters 

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