The ban is expected to affect not only local Russian consumers but also its major export markets, including turkey, Brazil, and Saudi Arabia.
The government’s decision, aimed at stabilizing domestic supplies, has hit Europe’s fuel markets, causing prices to jump. This could aggravate global shortages, as Russia is a key player in the diesel market and may have severe implications for consumers worldwide. The diesel export ban, which also applies to gasoline, is intended to dampen prices for consumers in Russia.
Farmers are also feeling the impact of rising fuel prices, expressing open criticism of the government’s decision. The exemptions in the ban for minor supplies and trade alliance partners may not be enough to alleviate these concerns, as the ban covers all types of diesels, including summer, winter, and arctic blends.
