28.06.2026 20:20
Russian President Vladimir Putin made a statement that will keep global markets up at night. Speaking at his party's congress, Putin said, "We are discussing the possibility of a complete ban on diesel fuel exports."
Russian President Vladimir Putin made a statement that is expected to cause great reverberations in global energy markets during his speech at the congress of the "United Russia" party. Putin announced that they are discussing the possibility of imposing a complete ban on diesel fuel exports in order to maintain the domestic fuel balance. This statement has heightened supply concerns in already sensitive global oil markets to a peak.
"DANGER OF A NEW INFLATION WAVE"
If Russia, one of the world's largest diesel exporters, takes this step, costs are expected to rise rapidly in global transportation, agriculture, and industrial sectors. Experts warn that a potential ban could trigger a new wave of inflation worldwide, especially in Europe and developing markets.
"WE ARE GOING THROUGH A DIFFICULT PHASE"
Referring to the Ukraine war, Putin said, “The Kiev regime is retreating along the entire line of contact, and therefore it is clearly resorting to terrorist acts. What else can you call the deliberate attacks on civilians and civilian infrastructure, and the blatant use of people to carry out sabotage and terrorist acts in our country?”
Putin, noting that Russia is going through a challenging period, stated, “We are going through a difficult phase, but this process has taught us a lot and made us feel the essence of the concept of a ‘Russian citizen’.”