Russia to ban diesel exports

The Russian government is contemplating a ban on diesel exports due to rising domestic prices, as reported by the Kommersant daily. Diesel is Russia's top oil product export, totaling approximately 35 million metric tons annually, with a substantial portion transported via pipeline. Although no definitive decision has been made, sources indicate that a ban could be implemented if prices continue to spike. In addition to diesel, Russia plans to reinstate a ban on gasoline exports starting August 1, following previous restrictions that were lifted in May. The discussions are aimed at ensuring sufficient access to fuel for local consumers and industries amid increasing demand. Economic analysts are closely monitoring how such measures could impact both the internal economy and international markets reliant on Russian diesel.