Russia plans to extend most of its diesel export ban until January 2027 while
allowing limited exports under exemptions agreed between President Putin and US
President TRUMP, TASS quoted Deputy Prime Minister Novak. The government is
drafting an order to extend the ban by three months, Novak said, adding "As
before, supplies to international markets will still receive partial
exemptions." Novak said Russia plans to export about 2.15 mln tonnes of diesel
next month, up from 0.51 mln tonnes this month, and could raise monthly exports
to about 3.5 mln tonnes by year-end if domestic supply is sufficient, which
would restore roughly a 10% share of seaborne diesel trade. He cautioned the
outcome depends on Ukrainian actions; Ukrainian attacks on Russian refineries
prompted the July reimposition of the ban. As of late October four tankers
loaded with Russian diesel have departed Baltic ports.
