"Russia's Diesel Export Ban Lifted, Boosting Trade Opportunities"

Russia has lifted the ban on pipeline diesel exports via ports, removing most of the restrictions implemented on September 21. Diesel is Russia's largest oil product export, and the ban had led to higher global prices and forced buyers to seek alternative sources. The restrictions on gasoline exports remain in place. The government also increased fuel export duties for resellers and reinstated subsidies for oil refineries. The lifting of the ban is expected to help alleviate fuel shortages and high prices in Russia, although further tax changes may be introduced to limit export profitability for independent traders.