Russia To Export Large Volumes Of Diesel Before EU Sanctions

Russia plans to increase its diesel exports next month before European Union sanctions on crude oil start in February. Fuel shipments from Russia’s ports in the Baltic and Black Sea are set to increase to 2.68 million tonnes in January, good for an 8% month-on-month increase from December’s volume and the highest export rate since January 2020. The European Union will ban Russian oil product imports by Feb. 5. This follows a ban on Russian crude that took effect in December.  Exports of Russia’s flagship Urals crude blend…