Putin Warns Diesel Supply Halt Under Sanctions
The article focused on confirming Russian President Vladimir Putin's statement that Moscow will not export diesel to global markets until the sanctions imposed on it are lifted. He explained that Ukrainian attacks on Russian oil refineries have resulted in economic losses amounting to 1% of the GDP. It was noted that Russia has enough diesel stockpiles, but the imposed ban hampers its access to markets, leading to diesel prices in the United States rising to over $6.50 per gallon amid energy market disruptions caused by wars and supply shortages. He clarified that Russia has extended the diesel export ban until the end of October, adding further pressure to global markets.
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