Russia extends diesel export ban through January to stabilize domestic market

Russia's government has extended a general ban on diesel exports until the end of January, citing the need to maintain stability in the domestic fuel market. While a full ban is in place, the government is preparing exemptions for certain suppliers to ship diesel to global markets, similar to measures introduced in October and planned for November. As of late October, four tankers had departed Baltic ports carrying Russian diesel, and in November Russia plans to export about 2.15 million tons after shipping roughly 510,000 tons this month.