Latest Breaking News

Russia’s government plans to boost fuel imports from Belarus and import gasoline from China, Singapore, and South Korea to address falling domestic output and gasoline shortages in several regions, Russian daily Kommersant reports, citing measures being discussed by the cabinet.

To make imports from Asia easier, the Russian government is waiving a 5% duty on fuel imports from China, South Korea, and Singapore, the Russian daily reported.

Russia’s gasoline and diesel supply has been crippled in recent weeks by intensified attacks on refineries with Ukrainian drones, which at one point curtailed 40% of Russia’s refining capacity.

https://oilprice.com/Energy/Energy-General/Russia-to-Import-Gasoline-from-Asia-as-Drone-Hits-Cripple-Refineries.html