Russia imposed a temporary ban on diesel exports in an effort to stabilize its domestic fuel market after sustained Ukrainian drone attacks on oil refineries triggered fuel shortages and rising prices in several regions, according to Bloomberg.
The export restrictions, announced on Wednesday, are part of a broader package of measures aimed at increasing fuel availability within the country as repeated strikes on Russia's energy infrastructure continue to disrupt refining operations.
Motorists in several regions have reportedly faced long queues at filling stations, with some waiting for hours to refuel as supplies of diesel and gasoline have tightened.
Speaking during a televised government meeting, Deputy Prime Minister Alexander Novak acknowledged that the fuel situation remains difficult.
"The current situation at fuel stations is clearly causing public concern," Novak said.
He added that the diesel export ban is intended to redirect additional fuel supplies to the domestic market and confirmed that Russia will begin importing fuel during July to help ease shortages.
The Russian government said the export ban applies to fuel producers and will remain in effect until July 31.
The announcement had an immediate impact on international energy markets, with European benchmark diesel refining margins climbing to a record $60.17 per barrel following news of the restrictions.
Russia's diesel exports had already been declining before the latest measures. According to shipping data, seaborne exports of diesel and gasoil fell 39% in June from the previous month to approximately 1.8 million metric tons, down 46% from 3.35 million metric tons recorded in the same month last year.
Despite the decline, Turkey and Brazil remained Russia's largest diesel importers in June, together accounting for at least half of available cargoes. Morocco, Egypt, and Senegal also ranked among the leading destinations for Russian diesel shipments during the month, according to shipping data.
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