Categories: Business

Russia has announced a ban on its gasoline exports for six months

Fearing shortages and rising prices, the Russian government temporarily banned the export of gasoline and diesel, a move “preventive” According to “Fix prices in domestic market for petroleum products”The Deputy Prime Minister, Aleksandar Novak, is clearly in charge of energy.

approved On Thursday 29 February, the ban was imposed for six months, from 1er From March 1er September However, Russian exporters, according to the decree, will be able to continue supplying the Eurasian Economic Union (Belarus, Kazakhstan, Kyrgyzstan, etc.), Mongolia, Uzbekistan, as well as the states of South Ossetia and Abkhazia, two Georgian regions that are economically unstable. through Moscow.

Such restrictive measures can be surprising. Russia, the world’s third-largest oil producer, should be protected from potential fuel shortages. The character that the government insists on by putting a brake on exports “Temporary” Due to the ban, prices are expected to hold up as demand increases. Next up, the war in Ukraine, which uses a lot of gasoline and diesel to run tanks, armored vehicles, missile batteries, troop transports and railways loaded with military equipment, has sent prices skyrocketing, from 8% to 23%, according to Russian. sources.

Also Read | Articles are reserved for our subscribers War in Ukraine: ‘When oil is too cheap, Russia’s future prospects collapse’

A new problem has been added to this. As the Russian offensive enters its third year, the Ukrainian military is trying, not without success, to affect the enemy’s refining capacity. Since January, Kiev has increased its drone attacks on the country’s refineries. Six major Russian refineries, which account for 18% of Russia’s total crude oil refining, suffered significant damage after they were recently targeted by drone strikes, according to Bloomberg.

“Repairs will be carried out”

On the night of February 3, an oil refinery of the private company Lukoil in Volgograd, the largest producer of petroleum products in Russia’s Southern Federal District, was damaged by a drone. A subsequent fire destroyed several installations and halted part of the production cycle. On January 29, a similar attack hit the Lukoil refinery in Nizhny Novgorod. Four days ago, it was the turn of the Rosneft oil refinery located in Tuapse, Krasnodar region, on the Black Sea coast. After suffering heavy damage, it is currently under repair. On the night of January 21, the terminal of the Novatek company at the port of Ust-Luga, hit by a drone, caught fire. Finally, on January 19, Rosneft’s Bryansknefteproduct oil depot in Klintsy, Bryansk region, was damaged by fire after a drone attack.

You have 31.54% of this article left to read. The rest is reserved for subscribers.

Source link

Admin

Share
Published by
Admin

Recent Posts

100 million degrees for 48 seconds: South Korea’s ‘artificial sun’ moves closer to nuclear revolution

This is a new record that scientists from the Korea Fusion Energy Institute (KFE) have…

7 months ago

The report offers solutions for insurers facing future growth in natural disasters

Damages associated with drought, floods, hail and other increasingly violent events are expected to increase…

7 months ago

You still have time to claim this exciting investigation

An estimated 9 million people in the United States are still waiting for their final…

7 months ago

IDF recognizes “serious mistake” in killing seven members of NGO World Central Kitchen

The death of seven humanitarian workers from the American NGO World Central Kitchen in an…

7 months ago

Fortnite Shop Apr 3, 2024 – Fortnite

Today, at one o'clock in the morning, Gamer updates it Boutique de Fortnite Through the…

7 months ago

Sharon Stone tried to make a Barbie movie in the 1990s

The Basic Instinct and Casino actress looks back at a time in Hollywood when adapting…

7 months ago