Wednesday, July 8th saw Russia ban diesel exports amid a ‘complex’ domestic situation. The first iteration of the ban, which will include diesel producers, will last until July 31st.
The measure comes in response to repeated Ukrainian drone strikes targeting Russian oil infrastructure. Increasingly, these are being conducted at long range, disrupting the fuel supply.
According to Deputy Prime Minister Alexander Novak at a televised government meeting
it is clear that the current situation at filling stations is causing concern among the public.
Today, a ban on diesel fuel exports was introduced, and this will make it possible to increase supplies to the domestic market.
Russia will now start importing fuel, with benchmark European diesel margins rising to a record $60.17 (€52.81) per barrel in response.
