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🧵 3. The Russian government announces the lifting of restrictions on diesel fuel exports delivered to seaports by pipeline. Manufacturers must supply at least 50% to the domestic market.

🧵 2. Diesel is Russia's top oil product export, with 35 million tonnes in 2021, mostly shipped through pipelines. Gasoline exports reached 4.8 million tonnes in 2022.

🧵 4. Global fuel prices have risen due to the restrictions on Russian fuel exports. Buyers faced challenges finding alternative sources of gasoline and diesel.

🧵 5. As EU banned Russian fuel imports, Russia redirected diesel and other fuels to Brazil, Turkey, West and North African countries, and Gulf states. Gulf states re-export the fuel.

Atleast one is out of the bans