Russia to lift remaining restrictions on diesel fuel exports soon - Novak says

Russia will soon lift remaining restrictions on diesel fuel exports, Deputy Prime Minister Alexander Novak said on Wednesday speaking in the upper house of the parliament. Russia, the world's top seaborne exporter of diesel, introduced a ban on fuel exports on Sept. Overseas supplies of diesel by truck and railway are still prohibited.

Russia will soon lift remaining restrictions on diesel fuel exports, Deputy Prime Minister Alexander Novak said on Wednesday speaking in the upper house of the parliament. Russia, the world's top seaborne exporter of diesel, introduced a ban on fuel exports on Sept. 21 to tackle high domestic prices and shortages. Only four ex-Soviet states - Belarus, Kazakhstan, Armenia and Kyrgyzstan - were exempt.

The government later eased restrictions to allow the export of diesel by pipeline. Last Friday it lifted restrictions on gasoline exports unconditionally. Overseas supplies of diesel by truck and railway are still prohibited.

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