World · South & Central Asia · 11 hrs ago
Trump agrees to bring Russian diesel into global markets
US President Donald Trump announced a deal with Russian President Vladimir Putin on October 9 to bring Russian diesel into global markets.
Russia is to supply more than 300,000 tonnes immediately, then 500,000 tonnes in November and 1 million tonnes later, with another 3 million tonnes possible.
The deal reverses pressure Trump had put on India to stop buying Russian oil, including an extra tariff on Indian imports.
Trump says lower fuel costs matter to American farmers, truckers and ranchers, and diesel prices can affect transport, food and inflation.
Analysts doubt Russia can deliver the promised volumes easily, and say the shipments are unlikely to quickly make a major difference to US prices.
The deal has also drawn criticism: seven senators urged the administration to reverse it.
The account does not say what the administration will do next.
Donald Trump agreed to bring Russian diesel into global markets, reversing his pressure on India to stop buying Russian oil.
Russia is to supply more than 300,000 tonnes immediately, followed by 500,000 tonnes in November and 1 million tonnes thereafter.
The deal comes as US diesel prices rise ahead of the November 3 midterm elections.
Seven senators urged the administration to reverse the decision on October 11.
Analysts cited doubts about Russia’s ability to deliver the promised volumes and the deal’s potential to lower US prices.
- Who
- Donald Trump and Russian President Vladimir Putin agreed to the deal.
- What
- Russia is to supply diesel for global markets. Trump had previously pressured India to stop buying Russian oil.
- When
- Trump announced the agreement on October 9. Seven senators called for it to be reversed on October 11.
- Where
- The agreement concerns Russian diesel entering global markets, including supply intended to address US fuel costs.
- Why
- The deal comes amid rising American diesel prices and ahead of the November 3 midterm elections.
Trump administration
Seven senators urging reversal
Decision on Russian diesel
Trump administration
Trump agreed to a deal to bring Russian diesel into global markets.
Seven senators urging reversal
Seven senators urged the administration to reverse the decision.
Trump imposed an additional 25% tariff on Indian imports to punish India for continuing to buy Russian oil.
Trump announced an agreement with Putin for Russian diesel supplies.
Seven senators urged the administration to reverse the decision.
Russia is due to supply another 500,000 tonnes of diesel.
- Immediate supply
- More than 300,000 tonnes of diesel
- November supply
- 500,000 tonnes of diesel
- Later supply
- 1 million tonnes, with a further 3 million tonnes possible
- Announcement date
- October 9
- Senators calling for reversal
- 7
Sources
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