... Russian government had already warned refineries about the potential imposition of a ban, giving them a week to decrease stock prices. However, wholesale gasoline prices continued to reach new highs, prompting authorities to implement administrative export restrictions. This step means that Russian refineries will direct nearly all produced gasoline volumes to the domestic market in the coming month. It is expected to increase supply in the market and cool fuel prices, which reached record levels in July....

Commentary for "Rossiyskaya Gazeta". The article “The Export Ban Slowed the Growth of Exchange Gasoline Prices” discusses the impact of the August 2024 ban on gasoline exports on the Russian fuel market. Despite the export restrictions, exchange prices for gasoline remain close to annual highs. The price increase is particularly notable for AI-95 gasoline, which is attributed to a mismatch between consumption patterns and exchange sales volumes. Experts emphasize that to ...

... balance and price dynamics. Moreover, production figures in the U.S. and other independent producers (e.g., in the shale sector) may adjust the supply-demand ratio in the global oil market. Fuel Market in Russia. The effect of the August ban on gasoline exports in Russia and subsequent government actions (lifting or prolonging restrictions past August 31) will impact both domestic fuel prices and available export volumes from Russia. Investors and traders will assess whether retail prices in the country have stabilized, and whether the restrictions will lead to shortages or,...

... between May and July due to the saturation of the fuel market. Authorities explained that the decision to extend the ban was necessary to ensure stability in the fuel market during the ongoing seasonal demand and planned repairs at oil refineries. The restriction will not affect supplies under international intergovernmental agreements or fuel exported for personal use or international humanitarian aid. The idea to extend the measure came from the Ministry of Energy. The proposal implied that the ban would effectively continue through September and October, and for the next two months, an ...

... Diamond Imports to India Western sanctions against the Russian diamond industry: In December 2023, the European Union imposed a ban on the import of Russian diamonds, effective from January 1, 2024. G7 countries also agreed on similar measures aimed at restricting the export of Russian diamonds. RIA Novosti RBC Despite India not officially joining these sanctions, fears of secondary sanctions and pressure from Western partners have led to a decrease in the volume of Russian diamond imports. Restrictions on dollar transactions: ...