The British Ministry of Defense suggests that the embargo will reduce pressure on suppliers and allow Russia to repair factories.
Ukrainian attacks on oil refineries in the Russian Federation reduced Moscow’s capabilities so much that a ban on fuel exports was introduced. About this in reference to intelligence data reports British Ministry of Defense on social network X (Twitter).
The report said Russia introduced a six-month fuel export ban on March 1 to stabilize domestic market prices amid rising demand. In particular, Russian Government Decree No. 243 of February 29, 2024 renews the export embargo, originally in effect from September 21 to November 17, 2023.
“It is likely that Russia’s oil refining capacity has been temporarily reduced due to multiple attacks by Ukrainian unmanned aerial vehicles on refineries across Russia,” the British department said.
The embargo will reduce pressure on suppliers and allow Russia to repair factories. However, repairs will take longer than usual because Western sanctions prevent the import of some key parts, British intelligence officials added.
“The Russian government will be particularly sensitive to rising prices for fuel and other consumer goods on the eve of the Russian presidential election on March 15-17,” British intelligence officials suggest.
As we wrote earlier, the Russian government is banning the export of gasoline for six months from March 1.
Let’s add that the Ukrainian attacks on Russian refineries reduced fuel exports from Russia by a third.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.