Russia bans diesel exports amid refinery attacks
Russia announced a full ban on diesel fuel exports, citing damage to its refineries from Ukrainian attacks that created a domestic fuel shortage.
The ban has pushed diesel prices up internationally, with U.S. diesel futures reaching a four‑year high and price spikes reported in Spain. Brazil, a major diesel importer, was among the largest buyers in June and is watching the move closely, while Morocco also expressed concern over the supply disruption.
To alleviate shortages, Russia said it will begin importing petroleum products. The decision highlights the broader impact of the Ukraine war on global energy markets.