Business · Energy & Commodities · 17 hrs ago

Russia to send first diesel shipment to US on Thursday

Russia to send first diesel shipment to US on Thursday

Russia plans to send its first diesel shipment to the United States on Thursday, Deputy Prime Minister Alexander Novak said.

The tanker is expected to carry 40,000 metric tons, about 300,000 barrels, and further shipments are planned.

The deal was agreed by US President Donald Trump and Russian President Vladimir Putin earlier this month, with Washington temporarily suspending some sanctions on Russia.

Russia has pledged an initial 500,000 metric tons, but has not given a precise schedule for those deliveries.

Trump wants more fuel on the market to help lower diesel prices, but analysts say this shipment may be too small to make a clear difference before the US midterm elections on November 3.

The deal has drawn criticism from US and European lawmakers, who warn that diesel sales could bring money to the Kremlin while Russia continues its war in Ukraine.

3 sources

Related

What people are saying

Alexander NovakRussian deputy prime minister
The first tanker will leave the port tomorrow, according to plan.
via Al Eqtisadiah
Other shipments will follow.
via Al Eqtisadiah
This tanker will have a loading capacity of 40,000 tons.
via n-tv