• On 1 March 2024, Russia introduced a six-month ban on gasoline exports to stabilise prices in the domestic market amid rising demand. Russian Government Resolution number 243 of 29 February 2024 restores the export embargo that had originally applied from 21 September 2023 to 17 November 2023. 
  • It is likely that Russia's refining capacity has been temporarily reduced by multiple Ukrainian uncrewed aerial vehicle strikes agoinst refineries across Russia. The export ban will relieve pressure on supplies and enable Russia to make repairs to its refineries. Repairs are likely to take longer than normal as Western sanctions have prevented the import of some necessary components. 
  • The Russian Government will be particularly sensitive to rising prices for gasoline and other daily commodities in the run-up to the 15-17 March Russian presidential election.
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