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FACTBOX: Russian fuel export ban seen short-lived but hitting Turkey, Brazil hard

September 26, 2023 Comments Off

Russia announced Sept. 21 it has temporarily banned most of its exports of diesel and gasoline with immediate effect in a bid to curb rising domestic fuel prices. The ban comes at a time when exports of gasoil/diesel normally fall due to higher domestic demand during the autumn harvest, analysts at S&P Global Commodity Insights noted, adding that the ban…