Putin Links Diesel Exports to Sanctions Relief
President Vladimir Putin stated that Russia will not export diesel to global markets until Western sanctions are lifted. The policy extends a current export ban, further straining diesel supplies and driving up fuel prices globally.
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Russia will halt diesel shipments to global markets until Western sanctions are lifted, President Vladimir Putin said on Thursday evening. The move deepens a global fuel squeeze as regional conflicts constrain energy deliveries worldwide. Diesel prices in the United States have surged to record levels above $6.50 a gallon, posing a political risk ahead of upcoming midterm elections.
