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The original was posted on /r/worldnews by /u/fortune on 2023-09-22 15:39:28.
Putin’s war machine risks running out of fuel, so Russia is banning the export of gasoline and diesel
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://fortune.com/2023/09/22/russia-gasoline-diesel-export-ban-vladimir-putin-ukraine-war/
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
Now 575 days into his war in Ukraine, Vladimir Putin has halted virtually all exports of gasoline and diesel out of the country to lessen the pain for average Russians and protect the nation’s food supply.
But with all resources at their disposal directed at maintaining the war effort, wholesale prices for the two fuels have reached record levels in recent months, according to state news agency TASS.
Since it has no choice but to fuel its military machine operating across the border in Ukraine—a necessity if it hopes to repel Kyiv’s ongoing counteroffensive—Moscow will instead divert the supply that would have gone abroad to prevent shortages back home.
“The decision was made to stabilize fuel prices in the domestic market,” the Russian government said in a statement on Thursday, adding it would monitor the situation for the country’s food producers daily.
Agriculture Minister Dmitry Patrushev earlier this month proposed temporarily banning fuel product exports to avoid a “catastrophe” this harvest season, according to the Moscow Times.
Energy exports are also a vital source of government revenue, with the sale of petroleum products and natural gas contributing 45% to Russia’s federal budget in 2021, the year prior to Putin’s invasion.
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