The Russia bans gasoline exports measure will start on 29 July and, for the first time, apply to fuel producers as well. Interfax reports that the Kremlin announced the full restriction to stabilize the domestic fuel market amid peak summer demand. Liga notes that the ban could also be prolonged into September if the situation does not improve.

Russia bans gasoline exports as prices hit record highs

Interfax said the Russian government signed a decree on 28 July expanding the existing export restrictions on gasoline. Until now, the limits only applied to companies that do not produce fuel. Starting 29 July, the rule will include fuel producers, closing the export channel completely until 31 August 2025.

Previously, such export restrictions applied only to companies that do not produce gasoline. The Russian government stated that the goal is to protect internal supplies during high seasonal consumption and active agricultural work.

Liga explains that Deputy Prime Minister Aleksandr Novak, who oversees the energy sector, previously confirmed that a total ban had been under discussion for one to two months.

Record prices trigger the drastic move

Kommersant reported that the ban aims to “cool an overheated fuel market,” where prices have been rising sharply. Late last week, wholesale prices for A-95 gasoline on the Saint Petersburg exchange hit an all-time high, climbing for eight consecutive trading sessions.