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Russia orders halt on petrol exports

Petrol Russia Alexander Novak Mikhail Mishustin RBC

Russian Prime Minister Mikhail Mishustin has reportedly approved the petrol export ban [File: Pool photo via AP]

Russia has passed a six-month ban on petrol exports from next week amid rising local demand.

The halt on petrol shipments abroad, which has been approved by Prime Minister Mikhail Mishustin and is expected to start from March 1, was confirmed by state news agency Tass on Tuesday. A similar ban last year was introduced to avert shortages and spiking prices on the domestic market.

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