Russia’s decision to temporarily ban exports of motor fuel has provoked a rise in diesel prices in Europe, according to the Guardian.
As the publication notes, Moscow’s decision is designed to stabilise the domestic market, while the ban does not apply to the EAEU countries.
“In response, diesel prices in Europe jumped 5% to more than $1,000 a tonne,” the article says.
The Russian government on Thursday imposed a ban on petrol and diesel exports. The Russian Energy Ministry noted that the restrictions being imposed will help stop “grey” exports of motor fuel and saturate the domestic market, and expects that the measure may lead to additional price reductions.
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