Russia set to extend diesel export ban past September
Trump says Russia has lost control of its own diesel industry as the war disrupts output
Published
Russia is set to extend its ban on diesel exports beyond the end of this month, prolonging a restriction that was due to expire in September.
President Trump said Russia has lost control of its own diesel industry amid the war, and said diesel was trading at $6.45 amid the volatility. His comments come days before Ukrainian President Zelenskyy is expected to meet him in New York.
The extension is unlikely to move markets much on its own. Oil has already climbed 70% this year on supply risks tied to the Middle East and Ukraine, and analysts point to the war itself, not any single export order, as the main force behind unpredictable flows. Trump has already flagged refinery damage curbing Russian output, so a formal extension of the ban mostly puts a policy label on disruption that sanctions and physical destruction have already caused.