Russia may ban fuel exports if prices surge
Photo: Reuters
Russia may introduce a ban on certain fuel exports if domestic prices rise sharply, an official from the country’s energy ministry said on Thursday.
Anton Rubtsov, a representative of the ministry, indicated that authorities are closely monitoring fuel price levels and could take action to stabilize the domestic market if needed, News.Az reports, citing Reuters.
Such a move would aim to protect local consumers and control inflation, but could also impact global fuel supply and energy markets.
By Aysel Mammadzada
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