Gasoline Prices in Sevastopol Surge 30% Amid Fuel Shortages, Russian Central Bank Responds to Inflation Risks

Gasoline prices in Sevastopol, Crimea, have surged by 30% in the past week due to severe fuel shortages, which Reuters attributes to Ukrainian drone strikes on supply lines. In response to rising fuel-price-driven inflation risks, the Russian central bank cut its benchmark interest rate to 14.25% at its June 19 meeting.