Diesel Export Ban

Russia's Deputy Prime Minister Alexander Novak announced the ban in a televised meeting chaired by Vladimir Putin on 8 July, running to 31 July. For the first time the restriction reaches producers as well as traders, closing a loophole that had let refiners keep exporting even during earlier trader-only curbs.

The decree ratifies a fall already under way: seaborne diesel exports had dropped 39% month-on-month in June before the ban formalised it, and it followed weeks in which Novak told Putin fuel supply was "under control" even as fifteen regions rationed petrol. It protects domestic pumps at the cost of export earnings; Russia is the world's second-largest diesel exporter, and Turkey and Brazil together take at least half its cargoes.

The timing is not accidental. Ukraine's strike campaign had just shifted onto the fuel tankers crossing the Sea of Azov, cutting the seaborne route the export trade depends on. Global benchmark diesel prices rose almost 13% on the announcement, and whether Moscow lets the ban expire on schedule or extends it is now a live question for the rest of the war's fuel front.