Russia bans gasoline exports for 6 months from March 1
Russia’s recent decision to ban gasoline exports for six months starting from March 1 has sparked a myriad of reactions and speculations. The rationale behind this move seems to be multifaceted, with some attributing it to the need for fuel for domestic consumption and the ongoing war, while others see it as a strategic maneuver to stabilize the ruble and manipulate the energy market to Russia’s advantage.
The effectiveness of Ukraine’s drone attacks on Russian refineries cannot be discounted in this context. These targeted strikes have proven surprisingly successful in disrupting Russia’s refining capacity and impacting its ability to export refined oil products.… Continue reading
John Q. Hosedrinker