🧵 1. Russia lifts ban on pipeline diesel exports via ports, easing restrictions implemented in September. Gasoline exports still under restriction. #business
🧵 1. Russia lifts ban on pipeline diesel exports via ports, easing restrictions implemented in September. Gasoline exports still under restriction. #business
🧵 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.
🧵 Read more at: https://www.financialexpress.com/market/commodities-russia-lifts-ban-on-most-diesel-exports-3264859/
thanks for sharing
Atleast one is out of the bans