Russia halts diesel exports after Ukraine strikes refineries – POLITICO

Moscow will halt diesel exports until the end of July in an attempt to shield its energy markets from the impact of its war with Ukraine, after a wave of drone attacks in Russia squeezed domestic fuel supplies.

The restrictions are likely to have a knock-on effect on diesel prices in Europe, pushing up costs for farmers, haulers and, ultimately, consumers.

Speaking at a government meeting chaired by President Vladimir Putin on Wednesday, Deputy Prime Minister Alexander Novak announced that Russia had "today introduced a ban on diesel fuel exports" to "increase supplies to the domestic market." He added that Russia would begin importing petroleum products in July and expand production by using lower-environmental-grade fuels as part of a package aimed at easing domestic shortages.