World · Europe · 11 hrs ago

Russia partially lifts diesel export ban after Putin-Trump agreement

Russia partially lifts diesel export ban after Putin-Trump agreement

Russia has partially lifted its ban on diesel exports, allowing 500,000 metric tons to be sold on the global market.

The decision follows an agreement between Russian President Vladimir Putin and U.S. President Donald Trump.

Russian oil companies can now begin arranging sales with foreign buyers, in coordination with the government.

Russia imposed restrictions on diesel exports to protect domestic supplies after Ukrainian attacks on refineries contributed to fuel shortages.

The easing is intended to let Russia sell fuel abroad while still meeting demand at home.

Deputy Prime Minister Alexander Novak said Russian production can meet both domestic needs and the permitted export volume.

The decision took effect on October 10, and companies are beginning to contract for sales.

Sources

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