Russia’s imports of gasoline surged eight times in November compared to October, after the end of a four-month ban on refined oil product imports ended in October, according to data from Russia’s Federal Customs Service released on Monday. Last year, after the oil price collapse and the crash in demand in the pandemic, Russia’s government banned between June and October imports of refined oil products, including gasoline, diesel, and jet fuel, to protect its refining industry from cheap imports. The ban on imports of gasoline, diesel, jet fuel, and gasoil was enacted to ensure the energy security of the Russian federation and stabilize the domestic fuel market, the government said in the decree at the time. Russia was considering the measure since early April after oil prices crashed and led to much cheaper refined oil products outside Russia. In Russia, however, the price of fuels didn’t change much because […]