Energy

Key Facts

—The order. Moscow banned diesel exports on 8 July, in force until 31 July, after Ukrainian drone strikes on refineries triggered shortages and fuel queues at home.

—The exposure. Russia supplied 81% of Brazil’s imported diesel in March and April, worth $1.43bn of a $1.76bn total, per Comex Stat data.

—The correction. Imports cover roughly a fifth to a quarter of Brazilian diesel consumption, so Russia supplies closer to a sixth of what the country burns, not four-fifths.