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Russia has acknowledged that it will have to buy petrol from abroad

Stanislav Sereda
Stanislav Sereda Journalist
Russia has acknowledged that it will have to buy petrol from abroad
Oil
Moscow has launched two mechanisms which the Kremlin describes as ‘key measures’ for the fuel market. Special tax arrangements have been put in place for both.

This has been reported by the Russian media.

Deputy Prime Minister Alexander Novak stated that Moscow has launched two mechanisms which the Kremlin refers to as ‘key measures’ for the fuel market. Special tax conditions have been established for both.

“We have two key measures that are already being implemented and for which preferential tax conditions have been established to support the economy. The first measure is imports,” said the Deputy Prime Minister.

The second step was to reduce the mandatory quota for petrol sales on the exchange – from 15 per cent to 10 per cent of production volume. The Russian government has also limited the range of price fluctuations during trading: no more than one hundredth of a unit per transaction. In effect, this amounts to manual intervention in exchange mechanisms.

“Firstly, we discussed this decision at the crisis management centre. It is one of a number of measures aimed, among other things, at stabilising the situation on the exchange market specifically. The quota has already been reduced from 15% to 10%. The decision has already been taken. A decision has also been taken on the exchange to limit the price fluctuation range to no more than one hundredth of each transaction,” explained Novak.

The initiative to lower the limit was previously put forward by the Federal Antimonopoly Service and the Russian Ministry of Energy.

The changes are set to remain in force from 1 July to 30 September 2026 – that is, throughout the summer period, when demand for fuel traditionally rises in Russia and when Ukrainian long-range drones continue to strike Russian oil refineries.

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