Russia is thinking about partially lifting the ban on diesel fuel exports
Quick Look
- Russian authorities are considering the possibility of partially lifting the ban on the export of diesel fuel for certain manufacturers.
- The measure is being discussed against the backdrop of stabilization of the situation on the domestic market, as announced by Deputy Prime Minister Alexander Novak.
AI-generated summary
Why It Matters
Currently, Russia has a ban on the export of diesel fuel, introduced to meet the needs of the domestic market during the harvesting campaign.
Russian authorities have begun discussing a partial lifting of the ban on the export of diesel fuel for some producers after the situation with it on the domestic market improves. Interfax reports this with reference to sources familiar with the situation.
Such measures may be taken in order to avoid overstocking of some enterprises. Last week, Deputy Prime Minister Alexander Novak also spoke about the possibility of resuming supplies abroad without specifying a time frame, emphasizing that at the beginning of October the Russian domestic market for diesel fuel was balanced.
The ban is currently in effect until the end of October. It is due, among other things, to increased demand during the harvesting campaign.
Open Questions
- Which manufacturers will receive permission to export?
- When exactly will the final decision be made?
