European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.
The European Union will ban Russian oil product imports, on which it relies heavily for its diesel, by Feb. 5. That will follow a ban on Russian crude taking effect in December.
Although Europe's reliance on the Russian fuel has fallen from more than 50% before Moscow's February invasion of Ukraine, Russia is still the continent's largest diesel supplier. Part of the influx comes as ICE Futures Europe bans low-sulphur gasoil of Russian origin ahead of EU sanctions.
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