Russian List of Oil Product Exporters to be Adopted Soon

The Russian Government Plans to soon approve the special list of exporters of petroleum products as a measure to crack down on ‘gray’ exports, according to Interfax.

• "In terms of pricing [of petroleum products], we are cooperating with companies to provide the exchange with the necessary volumes so that (...) there is a balance of supply and demand. A list of special exporters will literally be adopted in the near future to limit 'gray exports',” Deputy Prime Minister Alexander Novak said.
• Novak added that Russia currently has no shortage of petroleum products at this time.
• Russia wants to clamp down on ‘gray’ exports after domestic gasoline prices rose in recent months, while there were some reports of shortages in Southern Regions.
• The Russian Government attributed the shortages to logistical problems on railways during peak travel season.