Russia extends diesel export ban to October
Vedomosti reports Moscow will keep the restriction in place, as both sides trade signals over a possible energy truce
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Russia will keep its ban on diesel exports in place until October, Vedomosti reported.
The extension comes as Moscow and Kyiv exchange signals over a possible truce covering energy infrastructure. Kremlin spokesperson Dmitry Peskov has called a proposal from Donald Trump for such a truce a good one, and the Kremlin has said it views the idea favourably, according to its own statements. Ukrainian President Volodymyr Zelenskyy has said Kyiv would agree to a truce if Russia does, and has proposed bringing in partners to help broker one.
Despite that, strikes have continued. Zelenskyy said Ukraine hit Russia's Syzran oil refinery, a move that contradicted Trump's claim that the two sides had agreed to halt strikes on energy targets.
The ban's continuation fits with the posturing already under way between Moscow and Kyiv rather than marking a new escalation. For markets, that means the near-term oil supply picture is largely unchanged, with the diesel restriction already priced in against the backdrop of the wider truce talks.