The decision was made to stabilize local fuel prices, according to a government press release. Merchants buy locally at Russian prices, then sell abroad at higher prices. Temporary export restrictions on gasoline and diesel do not include shipments to Eurasian Economic Union countries. The government is formulating comprehensive strategies to anticipate future fuel shortages. The government’s move is merely a ploy to negotiate better terms with fuel manufacturers. Russia has boosted its oil exports to countries in Asia, Africa and the Middle East.
