Russia bans fuel exports until the end of this year; Kremlin running out of oil? What happens to India?

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Russia has banned fuel exports until the end of 2025


Russia on Thursday announced it is banning fuel exports to all countries until the end of this year as petrol pumps across the country as well as in the areas under its occupation are increasingly running dry.

Ukraine’s drone attacks on Russian refineries have been stepped up in the recent months, prompting Kremlin to make the announcement and put an end to oil exports.

India, one of the major Russian oil importers, is likely to get affected due to the Russian fuel ban.

Russian Deputy Prime Minister Alexander Novak said on Thursday the country would introduce a partial ban on diesel exports until the end of the year and extend an existing ban on gasoline exports.

(This is a developing story. Check back for updates)


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