The export ban followed several days of Ukrainian strikes on Russia’s energy infrastructure. <\/p>\n
The timing is not great for Europe. Diesel markets have remained tight since March due to disruptions<\/a> in the Strait of Hormuz amid the war in Iran. Russia is the world’s second-largest diesel exporter, and while the EU no longer imports Russian diesel directly because of sanctions, a squeeze on Russian exports is likely to ripple through global markets by increasing competition for fuel from elsewhere. That could sustain pressure on fuel costs for diesel-intensive industries on the continent.<\/p>\n President Volodymyr Zelenskyy said Wednesday that Ukrainian forces had hit oil facilities in the Saratov region and Tatarstan as part of what he called a campaign of \u201cfully justified\u201d retaliation for Russia’s attacks on Ukraine. \u201cRussians must feel that their state is waging this war,\u201d Zelenskyy wrote<\/a> on X. <\/p>\n On Tuesday, Gazprom said it was repairing damage<\/a> to the Krasnodarskaya compressor station serving the Blue Stream pipeline to Turkey after a drone strike. A day earlier, Ukraine targeted<\/a> Russia’s largest refinery in Omsk, more than 2,500 kilometers from the front line.<\/p>\n