Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Russia to partially ban diesel exports, extend gasoline restrictions after Ukrainian drone attacks
    Finance

    Russia to Partially Ban Diesel Exports, Extend Gasoline Restrictions After Ukrainian Drone Attacks

    Published by Global Banking & Finance Review®

    Posted on September 25, 2025

    2 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    Russia to partially ban diesel exports, extend gasoline restrictions after Ukrainian drone attacks - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:oil and gasenergy marketInternational tradefinancial crisis

    Quick Summary

    Russia bans diesel exports and extends gasoline restrictions after Ukrainian drone attacks impact oil refining, leading to fuel shortages.

    Russia Imposes Partial Diesel Export Ban Following Drone Attacks

    MOSCOW (Reuters) -Russia will introduce a partial ban on diesel exports until the end of the year and extend an existing ban on gasoline exports, Deputy Prime Minister Alexander Novak was quoted as saying on Thursday, following a spate of Ukrainian drone attacks on Russian refineries.

    The attacks have reduced Russian oil refining by almost a fifth on certain days and cut exports from key ports. The fall in capacity to refine oil has pushed Moscow close to reducing crude output. Several Russian regions are facing shortages of certain grades of fuel.

    Novak was quoted as saying there was a small deficit of oil products, but stockpiles were being used to cover the shortfall.

    The diesel ban applies to re-sellers but not to producers. Industry sources said the volumes of diesel exported by traders from Russia are relatively small.

    Around three-quarters of diesel exports are shipped by producers via the North and South pipelines which lead, respectively, to Baltic and Black Sea ports.

    According to industry sources, Russia produced almost 86 million metric tons of diesel in 2024, exporting some 31 million tons. Russia and the United States are the world's top seaborne exporters of diesel.

    The gasoline ban covers producers as well as re-sellers, but does not affect inter-governmental agreements between Russia and a number of other countries, such as Mongolia.

    "We will soon extend the ban on gasoline exports until the end of the year, and a ban on diesel fuel exports for non-producers will also be introduced until the end of the year," Novak said, according to Interfax.

    "This will allow us to further supply the market with petroleum products," he said.

    Low-sulphur gasoil futures' premium to Brent crude rose over 5% to $26.14 after the news, close to its highest since late July.

    FUEL SHORTAGES WIDEN

    Fuel shortages have been widening across Russia.

    Izvestia newspaper reported this week that Russia's No.2 oil producer Lukoil had banned the sale of gasoline in jerry cans at certain filling stations in Moscow.

    Lukoil did not reply to a request for comment.

    Sergei Aksyonov, the head of Russia-controlled Crimea, said on Thursday that disruptions in fuel supplies were related to the closure of some oil refineries.

    (Reporting by Reuters; additional reporting by Seher Dareen in London; Editing by Mark Trevelyan)

    Key Takeaways

    • •Russia bans diesel exports until year-end after drone attacks.
    • •Gasoline export restrictions extended due to refinery disruptions.
    • •Fuel shortages reported across Russian regions.
    • •Diesel export ban affects re-sellers, not producers.
    • •Gasoline ban excludes inter-governmental agreements.

    Frequently Asked Questions about Russia to partially ban diesel exports, extend gasoline restrictions after Ukrainian drone attacks

    1What is the duration of the diesel export ban in Russia?

    The diesel export ban will be in effect until the end of the year.

    2Who is affected by the gasoline export restrictions?

    The gasoline ban applies to both producers and re-sellers, but does not affect inter-governmental agreements with certain countries.

    3What has caused the recent fuel shortages in Russia?

    Fuel shortages have been widening due to reduced oil refining capacity and the closure of some oil refineries.

    4How much diesel did Russia produce in 2024?

    Russia produced almost 86 million metric tons of diesel in 2024, exporting around 31 million tons.

    5What impact did the news of the diesel ban have on gasoil futures?

    After the announcement, low-sulphur gasoil futures' premium to Brent crude rose over 5% to $26.14.

    More from Finance

    Explore more articles in the Finance category

    Image for Italian market watchdog deems all MPS board slates fully legitimate, source says
    Italian Market Watchdog Deems All Mps Board Slates Fully Legitimate, Source Says
    Image for KPMG plans to cut hundreds of jobs in auditing division, Bloomberg News reports
    Kpmg Plans to Cut Hundreds of Jobs in Auditing Division, Bloomberg News Reports
    Image for Exclusive-UBS veteran banker L’Esperance to leave investment bank, memo says
    Exclusive-UBS Veteran Banker L’Esperance to Leave Investment Bank, Memo Says
    Image for Dow confirms correction as traders worry about war
    Dow Confirms Correction as Traders Worry About War
    Image for Zelenskiy: Ukraine reaching agreement on Middle East diesel supplies
    Zelenskiy: Ukraine Reaching Agreement on Middle East Diesel Supplies
    Image for EU and CPTPP agree to progress with "historic" digital trade deal, Canada's international trade minister says
    EU and Cptpp Agree to Progress With "historic" Digital Trade Deal, Canada's International Trade Minister Says
    Image for Merz says he will fight for future of Franco-German fighter jet project
    Merz Says He Will Fight for Future of Franco-German Fighter Jet Project
    Image for Expansion of Disneyland Paris will create 1,000 new jobs
    Expansion of Disneyland Paris Will Create 1,000 New Jobs
    Image for UN moves to create mechanism to safeguard Hormuz trade in face of Iran war
    UN Moves to Create Mechanism to Safeguard Hormuz Trade in Face of Iran War
    Image for German Chancellor Merz says he has doubts over Iran war aims
    German Chancellor Merz Says He Has Doubts Over Iran War Aims
    Image for Goya royal portraits belong to Spain and not to cigarette company, court rules
    Goya Royal Portraits Belong to Spain and Not to Cigarette Company, Court Rules
    Image for EU, operators agree tariffs to make gas corridor more competitive
    Eu, Operators Agree Tariffs to Make Gas Corridor More Competitive
    View All Finance Posts
    Previous Finance PostUK Stocks Fall as BoE Policymaker Flags Inflation Risks, Medical Device Makers Weigh
    Next Finance PostUS-Norway Spat Over Wealth Fund's Caterpillar Exit Is Settling, Foreign Minister Says