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Russian Cabinet plans to ban gasoline exports from March 1

The restriction will not apply to member-nations of the Eurasian Economic Union and to South Ossetia, Abkhazia, Mongolia and Uzbekistan

Russia's Deputy Prime Minister Alexander Novak Vladimir Gerdo/TASS

Russia's Deputy Prime Minister Alexander Novak

© Vladimir Gerdo/TASS

MOSCOW, February 27. /TASS/. The Russian government plans to introduce a temporary ban on gasoline exports from March 1 to level up growing demand in spring and summer seasons, a spokesman of Deputy Prime Minister Alexander Novak told TASS.

"We confirm [this piece of information," the spokesman said.

The decision is required to compensate the rising demand during summer vacations, field work, and scheduled turnarounds at refineries.

The restriction will not apply to member-nations of the Eurasian Economic Union and to South Ossetia, Abkhazia, Mongolia and Uzbekistan.

The RBC news outlet reported earlier such plans amid the seasonal price hike.

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