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Russia Weighs Full Ban on Diesel Exports-Agency

Russia is moving closer to imposing a complete ban on diesel exports as part of a broader set of emergency measures aimed at stabilizing its domestic fuel market, Deputy Prime Minister Alexander Novak announced on Tuesday,Tass News Agency reported. Addressing a government meeting chaired by President Vladimir Putin, Novak acknowledged that the situation on the fuel market was "not simple" but insisted it remained under control. He not specify a timeline for the potential ban, though the statement signals growing concern in Moscow over rising domestic prices and potential shortages.

Novak told the meeting Russian oil companies had already ramped up fuel production maximum levels in an effort to meet domestic demand. expressed confidence that the country possessed the capacity to address current challenges, emphasizing that the government was actively coordinating with industry players to ensure supply stability. "We are of handling the situation," Novak said, whileing that further measures could be introduced if necessary.

In a related development, Novak revealed that the government had put forward new tax proposals to support the energy sector, particularly in the wake recent Ukrainian drone and missile strikes on Russia’s energy infrastructure. These attacks have targeted refineries, storage facilities, and pipeline networks, disrupting fuel supply chains and contributing to price volatility. The proposed tax adjustments are intended to help offset repair costs and maintain investment in production capacity, especially for refineries operating under increased strain.