From February 5, 2023, the European Union will no longer purchase petroleum products such as diesel, gasoline or lubricants from Russia.
Russia's government on Friday said it had withdrawn a ban on diesel exports delivered to sea ports via pipelines, removing a large chunk of restrictions it put in place last month.
The announcement comes shortly after Russia imposed an indefinite ban on the export of diesel and gasoline to most countries, sending shockwaves through global markets.
The restrictions for gasoline exports currently remain in place.
The ban prompted a jump in diesel prices, as Russia is one of the world's largest suppliers of diesel and a major exporter of crude oil.
Persons:
Dmitry Peskov
Organizations:
European Union, Reuters
Locations:
European, Russia, Moscow