Russia Extends Gasoline Export Permit

Russia Extends Gasoline Export Permit

Anastasia Petrovich
2 min read

Russia Extends Gasoline Export Permit Amid Domestic Market Stability

Russia has prolonged its allowance for domestic refineries to export gasoline until July 31, effectively maintaining equilibrium within the domestic market. The initial temporary lift on the export ban, which was scheduled from May 20 to June 30, was in response to abundant domestic supplies. This export limitation had been imposed for six months starting from March as a preventive measure against potential fuel shortages and price surges during President Vladimir Putin's re-election campaign. Furthermore, the decision was also influenced by Ukrainian drone attacks on Russian refineries, impacting gasoline production. Despite these measures, Russia currently possesses sufficient domestic fuel stockpiles to meet local demand. Preceding the ban, Russia was exporting approximately 141,000 barrels per day of gasoline, with about half of the exports directed towards countries under intergovernmental agreements, including members of the Eurasian Economic Union who were exempt from the restrictions.

Key Takeaways

  • Russia extends gasoline export permit until July 31.
  • Domestic fuel stockpiles are sufficient, meeting local demand.
  • Initial export ban aimed to prevent shortages and price surges.
  • Temporary export ban lifted in May due to overstock concerns.
  • About half of Russian gasoline exports go to Eurasian Economic Union countries.


The extension of gasoline export permits by Russia until July 31 serves to stabilize domestic markets while potentially impacting global supply chains. This decision is directly influenced by abundant domestic stockpiles and security concerns arising from Ukrainian drone attacks. In the short term, countries within the Eurasian Economic Union benefit from the continued supply, while the long-term effects are contingent on Russia's political stability and the dynamics of global demand. The extension may also prompt volatility in financial instruments tied to oil futures.

Did You Know?

  • Eurasian Economic Union (EEU): The EEU is an international organization that integrates its member countries' economies, encompassing trade, agriculture, and industry. Established in 2015 by Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan, the EEU aims to create a single market akin to the European Union and often exempts member countries from specific trade restrictions imposed by individual states, such as Russia's gasoline export limitations.
  • Drone Attacks on Russian Refineries: Drone attacks involve the use of unmanned aerial vehicles (UAVs) equipped with explosives to target strategic or military installations. In the context of this article, Ukrainian drone attacks disrupted Russian refineries, highlighting new challenges to energy infrastructure security.
  • Barrels per Day (bpd): This unit is primarily utilized in the oil industry to measure the rate of oil production or consumption, with one barrel being approximately equivalent to 42 U.S. gallons. The mentioned figure of 141,000 barrels per day of gasoline exported by Russia provides a quantitative measure of the country's oil product export capacity and its impact on both domestic and international markets.

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