Trump announces Russian diesel deal to lower fuel prices as Ukraine objects
US President Donald Trump reached a deal with Vladimir Putin for Russian diesel imports, prompting backlash from Ukraine and skepticism from analysts.
US President Donald Trump announced an agreement with Russian President Vladimir Putin to supply Russian diesel to the US and global markets, aiming to lower domestic fuel costs. The US Department of the Treasury subsequently authorized Russian diesel imports for the first time since 2022.
Under the arrangement, Russia is expected to deliver 300,000 tonnes immediately, followed by additional shipments in November. While global diesel futures dropped roughly 4%, Ukrainian President Volodymyr Zelensky condemned the move, calling it a "gift to Putin." Analysts also expressed skepticism regarding the deal's effectiveness, noting initial quantities cover less than two days of US demand while Russia maintains internal fuel export restrictions.
Sources: BBC News, Mediapool, NEXTA, Tagesschau, The Insider