Russia is extending its gasoline export ban through December 31, 2026, covering all producers and non-producers alike. This ban, originally set to expire on July 31, gets an additional five months. Ukrainian drone strikes on Russian refineries have disrupted processing and distribution operations, forcing Moscow to prioritize domestic supply. Diesel export restrictions will be lifted incrementally as the domestic market recovers. This decision removes a significant chunk of supply from international markets during peak summer driving season in the Northern Hemisphere.
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