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Novak, Russia: Situation with domestic fuel supplies is under control

On Wednesday, Russian Deputy Premier Alexander Novak stated that while the overall situation of the supply of fuel is controlled on the domestic market, some regions still face fuel shortages.

In several regions of Russia, there were shortages of popular gasoline types, such as in the far east of the country, Crimea (which Russia annexed in 2014 from Ukraine), and Nizhny Novgorod to east of Moscow.

Ukraine has knocked down chunks of Russia’s refining capability via

drone attacks

. Russia is the third largest oil producer in the world after

Saudi Arabia is a country that has a long history.

Novak, a reporter, said: "We're experiencing some supply problems in some regions. The energy ministry and regions are working together to solve the problem manually."

The government is imposing a ban on diesel exports for traders, and has extended the restrictions on gasoline exports until the end the year.

Novak said that some refineries will be modernised this year and next, ensuring fuel supply.

Novak stated that "if supply exceeds demand we will open export markets." (Reporting and editing by Guy Faulconbridge; Vladimir Soldatkin)

(source: Reuters)