Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will reinstate a ban on gasoline exports from Aug. 1 and that it is considering extending the restriction into the autumn.

Russia banned gasoline exports for six months from March 1, though exempted a Moscow-led economic union and some countries with which it has direct inter-governmental agreements on fuel supplies, such as Mongolia.

The ban was introduced to preempt fuel shortages and stem a rise in prices after a spate of Ukrainian drone attacks on refineries and technical outages.

The restrictions were suspended in May until June 30 and that suspension was then extended until the end of July.
Source: Reuters (Reporting by Vladimir Soldatkin; editing by Jason Neely)