Russia says its diesel exports may exceed volumes announced by Trump
The move follows a Trump administration sanctions waiver and aims to address sharply elevated diesel prices affecting U.S. truckers and farmers.
- Russia aims to recover its diesel exports to 3.0-3.5 million tons per month by year-end, Deputy Prime Minister Alexander Novak said on Monday, returning to pre-crisis volumes.
- This recovery follows a deal with President Donald Trump, who temporarily lifted sanctions on Russian fuel to help balance global supply and demand.
- Trump announced on Oct 9 that Russia would immediately supply more than 300,000 tonnes, followed by 500,000 tonnes in November and 1 million tonnes "immediately thereafter."
- Global diesel prices have already fallen around 5-6% due to the deal, Novak reported, noting Russia has the capacity to increase exports despite previous attacks.
- Soaring diesel prices remain a concern for voters ahead of Nov 3 midterm elections, affecting farmers and truckers who depend on fuel stability.
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144 Articles
In the Russian Government, it is believed that they will be able to return to pre-crisis export levels this year.
By agreeing to send hundreds of thousands of tons of diesel to the world's hungry market, the Kremlin has achieved something that has not yet been brought by crude military force in the battlefields, a deal that will not only help the Russian economy...
Russia could restore its diesel exports to between 3 and 3.5 million tons per month by the end of the year, Russian Deputy Prime Minister Alexander Novak told state-run Rossiya 24 television channel. According to him, the agreement reached with US President Donald Trump will allow Russia to increase its supplies and partially balance supply and demand on world markets. “By the end of the year, exports could reach 3-3.5 million tons per month, wh…
Diesel exports from the Russian Federation, according to Novak's forecast, could grow to 3—3.5 million tons per month. The statement came after the easing of US sanctions.
Russia says its diesel exports may exceed volumes announced by Trump
Russia will be able to return diesel exports to levels above those US President Donald Trump has outlined under a deal with Moscow which has been criticised by Ukraine and some US lawmakers, Deputy Prime Minister Alexander Novak said on Monday.
Russia can increase diesel exports to between 3 and 3.5 million tons per month by the end of the year, supply will be without prejudice to the domestic market, Russia's vice-premier, Alexander Nowak, reported. "There [in the US] prices rose significantly in relation to those at the beginning of the year, by about 80 to 100 per cent, i.e. almost twice. And of course, these additional supplies from Russia to world markets will increase volumes, pa…
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