Russia has announced plans to extend its ban on petrol exports until the end of 2025, citing the need to ensure sufficient domestic fuel supply. The ban, initially implemented in March, aims to mitigate the impact of Ukrainian strikes on Russian oil refineries, which have driven fuel prices to record highs.

The ongoing conflict between Russia and Ukraine has led to targeted attacks on Russian refineries, with Kyiv viewing these strikes as a means to disrupt Russia’s energy revenue streams and, in turn, hinder the country’s military operations. As a result, several key facilities have suffered damage, affecting processing capacity and leading to fuel shortages in some regions.

Deputy Prime Minister Alexander Novak stated that the government will extend the petrol export ban and also impose a ban on exporting diesel fuel for retailers and traders. This move is intended to prioritize domestic demand and stabilize the fuel market.

The situation has become particularly dire in the annexed Crimean peninsula, where fuel shortages have been reported due to reduced production volumes at Russian refineries. Recent attacks, including a strike on a major oil refinery in the Bashkortostan region, have further exacerbated the issue, resulting in significant fires and damage.

The extension of the petrol export ban underscores the escalating tensions between Russia and Ukraine, as well as the far-reaching consequences of the conflict on the global energy market. As the situation continues to unfold, it remains to be seen how the ban will impact fuel prices and availability in the region. With the conflict showing no signs of abating, the international community will be closely monitoring developments and their potential implications for the global economy.