[Putin Says Considering Full Ban on Diesel Exports]

Published: Jun 30, 2026 19:41

Save

Russian President Vladimir Putin said on June 28, during a meeting on securing the domestic fuel market, that systematic measures are needed to increase fuel supply and maintain economically justified prices. Putin noted that large refineries are operating at full capacity, the potential of small and medium‑sized enterprises has also been mobilized, and previously reserved fuel has been released onto the domestic market. According to a report from the Russian Energy Ministry, the country's gasoline reserves currently stand at 1.7 million tonnes, almost unchanged from the same period last year. Putin added that the necessity of a comprehensive ban on diesel exports is under consideration.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Analysis] Zimbabwe Proposes Using Natural Resources as Collateral to Finance Infrastructure Projects with China

1 hour ago

[SMM Analysis]Premier African Minerals Provides Operational and Corporate Update

1 hour ago

2 hours ago

[Brazil's Critical Minerals Progress Depends on Government Support, Industry Says]

At the Rio de Janeiro Energy Summit on June 25, panelists stated that without direct government support, Brazil will not advance its critical minerals sector, given the country's lack of infrastructure, technology, and long‑term investment. Analysts noted that minerals have become a strategic asset essential for ensuring technological leadership and energy security, and should no longer be viewed merely as extractive commodities. They added that a sound legal and regulatory framework is key to providing predictability and certainty for long‑term investment in the industry. Marcos Mesquita, Strategic Vice President of LPG distributor Copa Energia, said the mining sector should focus on diversifying extraction operations into multiple minerals and their by‑products to increase revenue. Mesquita added that Brazil should not emulate China, as it can leverage its abundant water resources and dominant renewable energy generation to build a more sustainable industry platform.

2 hours ago