Russia has extended its general ban on diesel exports by domestic producers through the end of January. Exemptions remain for some suppliers, so limited shipments to international markets will continue.
Russia extended its general ban on diesel exports by domestic producers through the end of January, while keeping exemptions that let some suppliers ship fuel abroad. The government said in a statement on Saturday that the decision supports stability in the domestic fuel market.
The statement confirmed that a corresponding decree had been signed. However, the decree itself has not yet been published.
Exemptions let selected suppliers keep shipping
Deputy Prime Minister Alexander Novak said on Friday that the government was preparing exemptions for selected suppliers, allowing limited diesel exports despite the broader restrictions. Similar arrangements were introduced in October and are expected to remain in place in November.
Moscow had already eased some export restrictions earlier this month. It acted after U.S. President Donald Trump said he was working with Russian President Vladimir Putin to facilitate the return of Russian diesel supplies to global markets.
November volumes expected to rise
Novak said Russia expects diesel exports to reach around 2.15 million metric tons in November, compared with approximately 510,000 tons shipped this month.
Ukrainian attacks on Russian refineries could weigh on export volumes. Novak said the impact was unlikely to be significant.
By late October, four tankers carrying Russian diesel had departed from Baltic ports, according to Novak, which highlights the limited flow of supplies under the existing restrictions.
Source: Investing.com
Trading involves risk.
Risk Disclaimer
