Novak: Russia Considers Complete Ban on Diesel Exports

Russia is contemplating a complete halt on diesel exports to address domestic fuel market instability caused by refinery issues, escalating prices, and supply shortages due to Ukrainian attacks on energy infrastructure. Deputy Prime Minister Alexander Novak revealed that this potential ban is part of broader government efforts to bolster domestic fuel supplies. This move could significantly impact global diesel markets, as Russia is a major exporter, potentially leading to higher prices worldwide as countries scramble to find alternative suppliers.