Russian diesel not for us, but for world markets: Trump
U.S. President Donald Trump defended a diesel deal with Russia, stating the fuel is intended for global markets to stabilize prices, not for the U.S. The deal, which temporarily eases sanctions on Russian diesel shipments, has faced bipartisan criticism from U.S. senators.
Why it matters
This deal has significant implications for global energy markets, U.S. foreign policy, and the effectiveness of sanctions against Russia, sparking political debate and international concern.
Facing criticism over the diesel deal with Russia, U.S. President Donald Trump said the fuel from Moscow’s refineries was meant to stabilise the global market, which has been hit by high prices.
On October 9, Mr. Trump announced that Russia would supply more than 300,000 tons of diesel, followed by an additional 500,000 tons in November and 1 million tons “immediately thereafter.”
To facilitate the shipments, the U.S. Treasury Department issued a temporary licence easing sanctions on Russian diesel shipments to global markets until April 7, 2027.
The move came ahead of the November congressional midterms in the US, as diesel prices surged amid supply disruptions caused by the Iran war.
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