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Russia’s Diesel Exports Heading for Record Despite EU Sanctions

  • March shipments have averaged about 1.5 million barrels a day
  • Turkey, Morocco and other nations have stepped up purchases

Russia’s diesel exports are on course to hit a record this month despite European Union sanctions depriving the country of its biggest market.

Moscow is so far shrugging off concern that the bloc’s recent import ban would force it to reduce exports amid a lack of alternative buyers. Instead, Turkey, Morocco and other nations have stepped up purchases — though some cargoes from Russia are also being held in floating storage.