This includes stopping exports of petrochemicals if the situation gets worse, he warned, RT reported.
The official clarified that the potential ban would impact traders, not the country’s crude producers.
The former energy minister said, highlighting the current downward trend in exchange prices:
- We expect the market to improve in the near future
- We have already opted to raise the standards for the sale of petrol on the [domestic] commodities exchange to 12%
- In particular, an increase in supply can be achieved due to the accumulated fuel reserves
Petrol prices in Russia have been rising rapidly over the past months partially due to a boom in domestic tourism as coronavirus restrictions made international travel more difficult.