Reuters: Russia considers fuel imports, subsidies amid Ukrainian strikes

Russia is considering importing fuel and subsidising it to cap prices as it seeks to address gasoline and diesel shortages caused by Ukrainian strikes on oil refineries, according to the Vedomosti daily, citing two unnamed sources.

The issue was reportedly discussed at a meeting chaired by Deputy Prime Minister Alexander Novak. Two industry sources told Reuters that subsidies on imported fuel were also under consideration as part of efforts to stabilise prices and avoid broader inflationary pressure.

Fuel shortages and price increases have already been reported across several regions in Russia, the world’s third-largest crude producer, with long queues forming at filling stations and restrictions introduced on fuel sales.

In Crimea, the Russian-controlled city of Sevastopol has imposed further restrictions, including reduced operating hours for public transport, shops, cafes, and street lighting, as well as a ban on mass outdoor events. The measures follow earlier limits on fuel sales.

Mikhail Razvozhayev, the Russian-installed governor of Sevastopol, announced “enforced temporary measures” including the closure of public transport at 10 p.m. and large shops and cafes at 8 p.m., with street lighting also dimmed.

Anzhelika, a resident of Crimea’s largest city who gave only her first name, said the measures were appropriate. “On the street lights, I think that's the right thing to do, the protection of the city comes first,” she said.

Industry sources said Russia’s gasoline output last week was about 25% below the daily average recorded in June 2025. Seaborne oil product exports were also down roughly 15% in the first half of June compared with the first half of May, according to LSEG data, due to unplanned refinery maintenance following repeated drone attacks.

Russia has already banned exports of gasoline and jet fuel as refinery disruptions continue, and is now reportedly exploring imports by sea to manage domestic shortages.

By Sabina Mammadli