News
🚨 🇷🇺 Russia reportedly set to extend its diesel export ban to the end of the year
🚨 🇷🇺 Russia reportedly set to extend its diesel export ban to the end of the year
- 🇷🇺 Russia is set to extend its ban on diesel exports until the end of the year, according to newswires citing two people familiar with the discussions ()
- Some companies will still be allowed to ship fuel under a quota system so Russia can meet its new export commitment to the US, the same sources say (newswires, )
FO view: Russia keeping its diesel export ban through year-end tightens a product market already stretched by the Hormuz closure, adding to the energy-led inflation pressure behind the ECB's December hike talk.
Not investment advice.