Russia to extend diesel export ban until late January 2027

Russian Deputy Prime Minister Alexander Novak announced that the government plans to extend the diesel export ban until the end of January 2027, with some exceptions for international markets, according to TASS. Novak stated that a governmental decree is being drafted to extend the ban, which will last for three months. Nevertheless, as previously, particular exceptions will be made for shipments to global markets.

Earlier, the Russian government extended the temporary diesel, marine fuel, and gas oil export ban for direct producers until the end of October. Nonetheless, the overall fuel export ban remains in place in Russia until January 31, 2027, despite the fuel producer restriction originally expiring on September 30.

Novak informed TASS that Russia is initiating the process of lifting the diesel export ban earlier than expected. He also mentioned that three tankers carrying Russian diesel have already been sent to the US, with a fourth scheduled to depart on October 29. Russian companies are permitted to export 500,000 tonnes of diesel in October under agreements to supply the US and global markets.