Trump Strikes Deal with Putin to Supply Russian Diesel to U.S. and Global Markets
The Treasury Department waived sanctions on Russian diesel through April 2027, and analysts said the promised supply is unlikely to move prices much.
- On Friday, October 9, 2026, President Donald Trump announced that Russian President Vladimir Putin agreed to immediately supply over 300,000 tons of diesel fuel to the American and global marketplace, describing the discussion as "highly successful."
- Since the start of the Iran war in February, diesel prices have soared nearly 70%, while the Kremlin imposed a diesel export ban in July following Ukrainian attacks on energy assets, tightening global supply.
- Russia will deliver 500,000 tons in November and 1,000,000 tons immediately thereafter, with 3 million tons expected shortly; the Treasury Department's Office of Foreign Assets Control is issuing a temporary general license to facilitate these shipments.
- Moscow aims to link this energy supply to ceasefire arrangements in the Black Sea, using the supply as a bargaining chip while potentially pressing for the release of frozen assets, according to diplomatic sources.
- It remains unclear how these shipments will function given wide-ranging sanctions applied to Russia since the invasion of Ukraine, and Trump claims prices will drop, though observers question the deal's effectiveness.
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Boosting US oil supplies with Russian diesel unlikely to have much impact on prices, experts say
A new pact that calls for Russia to boost the U.S. supply of diesel over the next few months is unlikely to make a dent in painfully high prices at the pump or elsewhere, energy policy experts say. The deal,…
President Donald Trump announced Friday an agreement with Russia to supply the U.S. and global market with diesel, by relaxing the sanctions against Moscow for the war in Ukraine.
Trump turns to Russia in bid to lower diesel prices, but analysts see minimal impact (USO:NYSEARCA)
President Trump said Russia agreed to supply diesel to US and global markets in an effort to lower fuel prices, although analysts said the import amounts likely would be too small to matter.
Ukraine’s president, Volodimir Zelenski, calls the decision “indignious” and “weak”; Russia occupies one fifth of Ukrainian territory. What happened?
Trump funds Putin's war
“The pee tape is real” is the charitable explanation: President Donald Trump said he has struck a deal to obtain diesel from Russia, a stunning reversal of years of U.S. pressure on Moscow over its war with Ukraine and an attempt to address high fuel prices ahead of the U.S. midterm elections. Trump said on social media on Friday […] The post Trump funds Putin’s war appeared first on Lawyers, Guns & Money.
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