Russia's Fuel Crisis Has Spread To Mongolia

The country imports nearly 95% of its fuel from Russia.

Mongolia, a long-standing trading partner of Russia, is facing difficulties due to a fuel shortage in its neighboring country, which is its main supplier of gasoline and diesel, the head of the Policy and Planning Department at Mongolia’s Ministry of Food, Agriculture, and Light Industry Bolorchuluun Tsendgosbo told Reuters (translation — The Moscow Times.

“We import nearly 95% (of our fuel) from Russia,” the official said.

Media outlets and eyewitnesses interviewed by Reuters reported long lines at gas stations across the country. Mongolia imposed restrictions on fuel sales in August.

The shortage of gasoline and diesel has spread from Russia, where drone attacks on refineries and high seasonal demand have led to a fuel crisis.

“I understand your problem. But the price (for Mongolia) is going up,” Tsendgosbo told Reuters. He added that prices now range from $1.50 to nearly $2 per liter, whereas in the spring they were around $1 per liter.

Russia’s ban on gasoline and diesel exports does not apply to countries such as Mongolia, with which Russia has intergovernmental agreements on supplies.

According to traders, Russian diesel fuel shipments to Mongolia rose by 7% to 1.05 million metric tons between January and July. Gasoline exports rose to 515,000 metric tons from 450,000 metric tons, while jet fuel shipments fell by 40% to 32,000 metric tons.

In July alone, exports of motor fuel from Russia to Mongolia fell to 173,000 metric tons from 186,400 metric tons in June.

Mongolia may reduce its imports of Russian grain due to its expected bumper harvest, ‌after the country purchased about 100,000 ‌metric tons of Russian wheat last year, Tsendgosbo added in an interview with Reuters on the sidelines of the Eastern Economic Forum in Vladivostok.

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