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Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikes
Deputy Prime Minister Alexander Novak said the move will boost domestic supplies after Ukrainian drone strikes cut refinery output by more than 30%.
- Today, Russia implemented a ban on diesel exports lasting until July 31, aiming to stabilize the domestic fuel market following systematic Ukrainian drone attacks on oil refineries.
- Intensifying Ukrainian strikes on Russian energy infrastructure have squeezed diesel and gasoline supplies, forcing drivers in many regions to face hours-long lines at filling stations.
- Seaborne diesel and gasoil exports plunged 39% last month to around 1.8 million metric tons, while Benchmark European diesel margins rose to a record $60.17 per barrel.
- Deputy Prime Minister Alexander Novak stated the ban aims to increase domestic supplies, adding that Russia will begin importing fuel in July as the situation remains complex.
- Turkey and Brazil absorbed at least half of available cargoes last month, while Morocco, Egypt, and Senegal also emerged as major importers of Russian diesel before the restrictions.
Insights by Ground AI
74 Articles
74 Articles
Russia will start importing fuel later this month.
Although Putin is trying to downplay the success of Ukrainian drone attacks on the country's energy facilities, the Deputy Prime Minister admitted that they need to import fuel.
·Hungary
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The country's energy system is one of the strongest in the world, Putin says
Putin also supports that Russia, one of the world’s leading crude oil producers, should start buying from other oil-derived countries
·Granada, Spain
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Since July 8, Russia has imposed a ban on diesel exports as part of a series of measures to support the domestic fuel market after systematic attacks by Ukrainian drones on oil refineries that caused gasoline shortages.
Coverage Details
Total News Sources74
Leaning Left13Leaning Right16Center12Last UpdatedBias Distribution39% Right
Bias Distribution
- 39% of the sources lean Right
39% Right
L 32%
C 29%
R 39%
Factuality
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