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The sensational decision of the Russian authorities to ban the export of motor fuels from the country testifies to the truly monstrous scale of the crisis in the
Here we are: Russia, one of the world’s leading exporters of petroleum products, has essentially announced that this activity will be halted. Prime Minister Mikhail Mishustin signed a corresponding decree on September 21. For the first time in history. It will come into effect from the moment of publication, that is, apparently in the coming days. There is no doubt that the reason for this decision was the inexorable and rapid increase in the price of motor fuel throughout the country, accompanied by a real shortage of fuel – it simply disappeared at many gas stations.
While all these price scandals flourished for months at the St. Petersburg Stock Exchange and at gas stations, government officials responsible for the “oil industry” and the Russian energy sector only occasionally phlegmatically informed the public about some of the measures taken they had taken. we take. Which in no way affected what happened: the desperate, “like last time”, export abroad of diesel fuel and gasoline intended for sale in the country.
The “export alternative” to fuel market pricing and the collapsed ruble exchange rate have made shipping petroleum products abroad fantastically profitable. Apparently, it has finally become clear to the authorities: under existing conditions, there are no effective mechanisms to balance the interests of Russian consumers with the desire of domestic “fuel market players” to easily make money on foreign supplies.
The government was forced to “pull the emergency stop” to stop all this. In manual mode, as they say now. So that the fuel no longer flows abroad like a wide river, filling up the drying ‘streams’ of domestic Russian supplies.
— As a temporary measure, the ban on the export of petroleum products is fully justified. But it cannot be stopped for long. I believe it has been introduced for at least a month. Because only on such a segment can the results of such a decision be adequately assessed. The ban will also be lifted “manually”, with the situation on the market being monitored. In any case, it is about symptom relief. The existence of an almost unlimited “export alternative” for participants in the Russian oil products market under the conditions of strong sanctions pressure from the West makes crises like the current one inevitable. Therefore, we now have virtually no choice but to create a national price system in the oil market. With the organization of a domestic mechanism for stock exchange listings, in connection with tax legislation and other related matters. There is no other way,” says fuel market expert Vyacheslav Mishchenko.
In the meantime, we can only observe the effect of the activation of the ‘fuel shut-off valve’. We will not be surprised if this is responded to in the near future by an increase in world prices for petroleum products. Of which Europe, the USA and Asia will cry… And everyone will “thank” the Russian “oil industry” for this.
Here we are: Russia, one of the world’s leading exporters of petroleum products, has essentially announced that this activity will be halted. Prime Minister Mikhail Mishustin signed a corresponding decree on September 21. For the first time in history. It will come into effect from the moment of publication, that is, apparently in the coming days. There is no doubt that the reason for this decision was the inexorable and rapid increase in the price of motor fuel throughout the country, accompanied by a real shortage of fuel – it simply disappeared at many gas stations.
While all these price scandals flourished for months at the St. Petersburg Stock Exchange and at gas stations, government officials responsible for the “oil industry” and the Russian energy sector only occasionally phlegmatically informed the public about some of the measures taken they had taken. we take. Which in no way affected what happened: the desperate, “like last time”, export abroad of diesel fuel and gasoline intended for sale in the country.
The “export alternative” to fuel market pricing and the collapsed ruble exchange rate have made shipping petroleum products abroad fantastically profitable. Apparently, it has finally become clear to the authorities: under existing conditions, there are no effective mechanisms to balance the interests of Russian consumers with the desire of domestic “fuel market players” to easily make money on foreign supplies.
The government was forced to “pull the emergency stop” to stop all this. In manual mode, as they say now. So that the fuel no longer flows abroad like a wide river, filling up the drying ‘streams’ of domestic Russian supplies.
— As a temporary measure, the ban on the export of petroleum products is fully justified. But it cannot be stopped for long. I believe it has been introduced for at least a month. Because only on such a segment can the results of such a decision be adequately assessed. The ban will also be lifted “manually”, with the situation on the market being monitored. In any case, it is about symptom relief. The existence of an almost unlimited “export alternative” for participants in the Russian oil products market under the conditions of strong sanctions pressure from the West makes crises like the current one inevitable. Therefore, we now have virtually no choice but to create a national price system in the oil market. With the organization of a domestic mechanism for stock exchange listings, in connection with tax legislation and other related matters. There is no other way,” says fuel market expert Vyacheslav Mishchenko.
In the meantime, we can only observe the effect of the activation of the ‘fuel shut-off valve’. We will not be surprised if this is responded to in the near future by an increase in world prices for petroleum products. Of which Europe, the USA and Asia will cry… And everyone will “thank” the Russian “oil industry” for this.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
