Russia Lifts Diesel-Export Ban That Battered Global Markets
- Shipments must be delivered to the nation’s ports by pipeline
- Government also fully restores subsidies to refiners
An oil, gas and condensate field in Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia allowed a return to seaborne exports of diesel just weeks after imposing a ban that roiled global markets, taking other steps instead to keep sufficient fuel supplies at home.
Shipments can resume provided that the fuel is delivered to the nation’s ports by pipeline, according to a statement on the government’s Telegram account. Such flows to Russia’s western ports account for the bulk of exported volumes.