The Kremlin expands a ban on diesel, marine fuel and gas oil exports to include fuel producers through the end of this month as officials cite Ukrainian strikes that disabled roughly 30% of Russia’s refining capacity.Deputy Prime Minister Alexander Novak says the ban exempts deliveries under interstate agreements and is intended to boost domestic supplies while Moscow secures short-term imports, including gasoline by sea from India.Sea exports already fell about 39% in June to 1.8M tons and early July volumes have halved, driving
diesel futures up 11.6% to $154.71 and record
European diesel margins while long queues and rare protests increase pressure on President
Vladimir Putin.