Russia will extend its full ban on gasoline exports until the end of 2025 and introduce a ban on diesel fuel exports for non-producers over the same period, Deputy Prime Minister Alexander Novak said Thursday.
The move will allow Russia to further supply the domestic market with petroleum products that are currently exported, Novak said.
The ban will not apply to fuel supplies under intergovernmental agreements, he added.
Russia, one of the world's top oil producers, has tightened fuel exports in recent years to stabilize domestic supply and rein in rising prices.
Currently, a ban on gasoline exports is in effect until Sept. 30 for all market participants, including refineries, and until Oct. 31 for non-producers.
Editor:Leo
