Russia has announced plans to extend its ban on petrol exports until the end of 2025, citing the need to ensure a sufficient domestic fuel supply. The ban, first introduced in March, was intended 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, which Kyiv views as a way to disrupt Russia’s energy revenue and hinder its military operations. Several key facilities have been damaged, reducing processing capacity and causing fuel shortages in some regions. Deputy Prime Minister Alexander Novak said the government will not only prolong the petrol export ban but also impose a ban on exporting diesel fuel for retailers and traders, aiming to prioritize domestic demand and stabilize the fuel market.
The situation is especially dire in the annexed Crimean peninsula, where fuel shortages have been reported due to reduced production at Russian refineries. Recent attacks, including a strike on a major oil refinery in the Bashkortostan region, have further exacerbated the problem, causing significant fires and damage.
The extension of the petrol export ban highlights the escalating tensions between Russia and Ukraine and the far‑reaching consequences of the conflict for the global energy market. As the situation unfolds, it remains uncertain how the ban will affect 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.
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