INSUBCONTINENT EXCLUSIVE:
Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate
effect in order to stabilise the domestic market, the government said on Thursday.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
suffered shortages of gasoline and diesel
Wholesale fuel prices have spiked, although retail prices are capped to try to curb them in line with official inflation.The crunch has been
A serious crisis could be awkward for the Kremlin as a presidential election looms in March.Traders say the fuel market has been hit by
factors including maintenance at oil refineries, bottlenecks on railways and the weakness of the rouble, which incentivises fuel
exports.Russia has already cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first 20 days of
stabilise the situation on the fuel market, the government raised the mandatory supply volumes of motor gasoline and diesel fuel to the
