Russia is preparing to extend its diesel export restrictions until the end of January 2027, with certain exemptions for supplies to international markets, Deputy Prime Minister Alexander Novak has said.

"Yes, a government decree is currently being drafted to extend the ban on diesel shipments until the end of January next year - effectively for three months. However, as before, specific exceptions will be made for supplies to global markets," Novak told reporters.

The proposed extension follows an earlier government decision to prolong a temporary export ban on diesel, marine fuel and gas oils for direct producers until the end of October.

A broader restriction on fuel exports remains in force in Russia until January 31, 2027, although the specific ban applying to fuel producers had previously been scheduled to expire on September 30.

However, Novak also told the TASS Russian News Agency that Russia had begun lifting its diesel export restrictions ahead of schedule.