Russia to Import Gasoline Amidst Refinery Shutdowns: Economic Strain Escalates
Amidst escalating domestic fuel shortages, Russia is preparing to import gasoline from Asian countries like China, South Korea, and Singapore. These shortages are primarily caused by Ukrainian drone and missile strikes that have crippled almost 40% of Russia’s refining capacity. To facilitate imports, the government plans to lift import duties, provide subsidies, and potentially boost imports from Belarus. Further, the government is considering lifting a ban on a controversial octane-boosting additive, despite safety concerns, to increase fuel production.
John Q. Hosedrinker