Hindustan Times13 hours ago·4 min read·medium

Trump strikes major diesel deal with Russia in bid to lower US fuel prices ahead of midterms

Shashank Mattoo

✦AI Summary

President Trump has announced a deal with Russia to import millions of tons of diesel fuel to help lower domestic energy prices before the midterm elections. The agreement follows a phone call with Vladimir Putin and involves a temporary US Treasury license, despite existing sanctions legislation.

Why it matters

This move highlights a potential conflict between domestic economic policy and foreign policy sanctions, raising questions about the enforcement of the Lindsey O. Graham Sanctioning Russia and Iran Act.

✦Dive DeeperCreate a free account to unlock

US President Donald Trump announced a major energy supply agreement with Russia on Friday that could see Moscow supply nearly 5 million tons of diesel fuel to global energy markets.The deal was unveiled after a phone call with Russian President Vladimir Putin and was swiftly followed by the US Treasury issuing a temporary general license allowing the purchase of Russian diesel until April 7 next year.The move comes as part of Trump’s effort to reduce domestic energy prices ahead of the crucial midterm elections in the US, in which the President’s Republican party is expected to fare poorly due to widespread concerns about high inflation and affordability.“I have just concluded a highly successful discussion with President Putin of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000…

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →