Russia Lifts Most Diesel Export Bans

The Russian government had lifted a ban on pipeline diesel export via ports, while restrictions for gasoline exports remain in place, the government press service said via Telegram.

• Under the latest conditions, Russian companies must supply no less than 50% to the local market.
• Gray exporters, or companies that don’t produce their own diesel but ship volumes purchased on the domestic market, would now have to pay a prohibitively high export duty, according to the statement.
• The government is also restoring in full its subsidies to refiners to ensure domestic fuel demand is met and refineries get compensation for the difference between fuel prices at home and abroad.