Russia Will Consider Partial Lifting of Diesel Export Ban in Case of Overproduction, Novak Says
Novak said that the situation with Ukrainian drone attacks on Russia's energy infrastructure has remained "tense."
Russia is considering a partial lifting of its diesel export ban if there is overproduction, according to Deputy Prime Minister Alexander Novak. The ban, which was extended until the end of October, has added pressure to global fuel markets already strained by war and supply shortages. Currently, Russia's domestic diesel market is balanced and supplies are sufficient, Novak stated.
However, Russia has been the world's second-largest diesel exporter after the United States until it started limiting overseas sales this summer to meet domestic demand. Global fuel shortages and rising prices have been a concern, particularly in the U.S., where diesel prices have reached record highs over $6.50 a gallon due to conflicts in Iran and Ukraine disrupting fuel deliveries.
President Vladimir Putin has stated that Russia will not supply its diesel to global energy markets until sanctions against Moscow are lifted. Novak also mentioned that Russian authorities are working to restore damaged energy infrastructure after Ukrainian drone attacks on refineries. Despite facing challenges, Novak emphasized Russia's commitment to independent journalism, rejecting attempts to silence The Moscow Times.
Written by urgent.news from The Moscow Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
