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On July 8, 2026, the Russian government announced a ban on diesel exports, a measure aimed at addressing significant fuel shortages attributed to recent Ukrainian strikes on Russian refineries. This decision comes amid a broader set of restrictions imposed over the last few months to stabilize domestic energy supplies, which have been increasingly strained.
Alongside the export ban, Russia plans to start importing petroleum products beginning in July. The Kremlin stated that these steps are necessary to manage the ongoing crisis resulting from the escalating conflict with Ukraine, which has intensified with drone attacks impacting crucial energy infrastructure. As a consequence of these developments, global diesel prices have surged, reaching multi-year highs.
President Vladimir Putin emphasized the strength of Russia's energy system amidst the challenges posed by the conflict, as the government scrambles to maintain adequate fuel supplies for its domestic market.
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9 July
Russia bans oil exports as Ukraine strikes cause fuel shortages
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