Russia’s Fuel Crisis: Diesel Exports Hit Decade Low After Ukraine Strikes
Part of composite article US and Russia Strike Diesel Deal as IEA Releases 100 Million Barrels to Cool Global Fuel Prices View full article →
Ukraine’s drone strikes on Russian refineries have crippled the country’s fuel production. Russia’s diesel exports, once its largest fuel export, have fallen to their lowest level in a decade.
To protect its own market, Russia now sells fuel abroad at a discount while paying subsidies to keep domestic pumps running. Despite these losses, crude oil revenue continues to flow into Moscow’s coffers.