Russia to Ban Gasoline Exports Starting April 1: What’s Behind the Fuel Shortage.

Russia Imposes Ban on Gasoline Exports

According to UATV: Starting April 1, 2026, Russia will enforce a complete ban on gasoline exports, a decision driven by a fuel shortage triggered by attacks on oil refineries and surging domestic demand. The restriction is set to last at least four months. This move marks a significant shift in the country's energy policy amid mounting pressures.

The ban was finalized during a meeting between oil company representatives and Deputy Prime Minister Alexander Novak. Meanwhile, Brent crude oil prices have climbed to $112 per barrel, reflecting growing market strain. Vyacheslav Shiryaev commented,

“Russia has lost all of its European exports. That’s 40%.”

Economic Fallout

In terms of economic indicators, Russia’s federal budget revenue for the first two months of 2026 totaled 4.767 trillion rubles. However, oil and gas revenues dropped to 826 billion rubles, a 47% decline compared to the same period last year. The price of Urals crude stood at $40.95 per barrel in January, before rising to $44.59 in February.

This export ban represents a critical response to the challenges facing Russia’s oil industry and the broader economic climate. By halting gasoline exports, the government aims to stabilize the domestic fuel market, though it may also affect prices and availability for consumers. The fuel shortage, exacerbated by refinery attacks, could worsen further amid rising global oil prices.

Additionally, the sharp drop in oil and gas revenues highlights severe economic difficulties for the country, potentially prompting further government intervention to shore up the economy.