The dip in Russian oil production is only temporary, as output is expected to recover once refineries come back online after unscheduled maintenance, Deputy Prime Minister Alexander Novak said.
Novak stated, "This is a temporary phenomenon, and generally, oil production will increase as the refineries resume operations and the situation stabilizes." He noted that fuel supply has improved this week as authorities seek to alleviate concerns.
Russia has been suffering from a gasoline and diesel crunch since the spring, when Ukraine intensified its drone attacks on Russian refineries.
As a result, Russia has banned diesel exports, which will be enforceable until the end of September.
