Russia Considers Limiting Diesel and Jet Fuel Exports Due to Attacks: Bloomberg

Russia is considering the possibility of limiting exports of diesel and jet fuel. This comes amid a significant reduction in domestic production volumes, caused by regular Ukrainian attacks on Russian energy facilities.

According to Bloomberg, citing «Interfax», companies have been advised to reduce sales of petroleum products to foreign markets. One informed source stated that the decision to ban the export of diesel and jet fuel is in its final stages, but the exact date of its implementation remains uncertain.

Should such a ban be introduced, it would increase pressure on global oil product prices. Russia is one of the key exporters of diesel fuel, selling approximately 40% of its total production to foreign markets. According to estimates by the analytical company OilX, the average level of oil refining in Russia in April fell to 4.69 million barrels per day, the lowest figure in over 16 years. The intensity of the strikes threatens a further reduction in refining volumes precisely at a time when Russia is entering the holiday season, during which fuel demand traditionally increases.

Russian Deputy Prime Minister Alexander Novak, after a meeting with industry representatives on Tuesday, called on relevant departments to constantly monitor the domestic market. He emphasized that the uninterrupted supply of fuel to Russian consumers is currently the government's main priority. Earlier, the Ukrainian Defense Forces reported striking a number of important aggressor facilities in the temporarily occupied territories and confirmed the shutdown of the Syzran oil refinery in Russia's Samara region.