Tuesday, 02 January 2024 12:17 GMT

Kyrgyzstan Bans Export Of Oil And Petroleum Products Outside EAEU


(MENAFN- Trend News Agency) BISHKEK, Kyrgyzstan, October 8. Kyrgyz authorities have restricted the export of oil and petroleum products from the country to destinations outside the Eurasian Economic Union (EAEU), Trend reports via the government.

The amended resolution covers crude oil (TN VED 2709) and petroleum products (TN VED 2710) transported by road and rail. Exceptions have been made for fuel oil and heating oil produced by domestic refineries.

Kyrgyzstan first imposed such export restrictions in March 2021. In August 2024, the ban on RON-80 gasoline and heating oil shipments outside the EAEU was lifted. The latest amendment reinstates broader controls while maintaining limited exceptions for locally refined products.

The Eurasian Economic Union is an economic alliance including five post-Soviet nations situated in Eurasia. The EAEU possesses a unified integrated market. As of 2023, it comprises 183 million individuals and a gross domestic product over $2.4 trillion. The EAEU promotes the unrestricted flow of goods and services and establishes unified policies in macroeconomics, transportation, industry, agriculture, energy, international trade and investment, customs, technical regulation, competition, and antitrust legislation.

MENAFN08102025000187011040ID1110168007



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.