Business · Trade · 2 hrs ago
Russia says diesel exports could return to pre-crisis levels by year-end
Russia says it could raise diesel exports to 3 million to 3.5 million metric tonnes a month by the end of the year.
Deputy Prime Minister Alexander Novak said the volume would bring exports close to levels before the crisis.
Ukrainian drone attacks on Russian oil refineries in 2024 and 2025, along with Russia’s own limits on overseas sales, cut exports.
US President Donald Trump said Russia had agreed to supply diesel to global markets, and the US temporarily lifted sanctions on Russian fuel.
Trump announced an initial supply of more than 300,000 tonnes, followed by 500,000 tonnes in November and another 1 million tonnes afterward.
Novak said the added supply was already helping balance global markets and that diesel prices had fallen about 5% to 6%.
Russia’s exports could grow further by year-end, but Novak said the situation would continue to develop.
Russia can raise diesel exports to 3 million to 3.5 million metric tonnes a month by the end of the year, Deputy Prime Minister Alexander Novak said on Oct. 12.
Novak said that level would return exports to those seen before the crisis and could exceed volumes announced by US President Donald Trump.
Trump said on Oct. 9 that Russia would supply more than 300,000 metric tonnes immediately, followed by 500,000 tonnes in November and 1 million tonnes thereafter.
Novak said additional Russian supplies had helped push global diesel prices down by about 5% to 6%.
- Who
- Russia, represented by Deputy Prime Minister Alexander Novak, and US President Donald Trump.
- What
- Novak said Russia could raise diesel exports to 3 million to 3.5 million metric tonnes per month. Trump had announced a series of Russian diesel supplies to global markets.
- When
- Novak made his statement on Oct. 12, 2026. Trump announced the supplies on Oct. 9.
- Where
- Novak spoke in an interview with Russia’s Vesti news program, according to TASS. The supplies are intended for global markets.
- Why
- Novak said the additional supplies could partly balance global supply and demand. The articles say Russian exports had fallen after Ukrainian attacks on refineries and Russian export restrictions.
This story does not have two clearly opposing sides.
Trump announced that Russia would supply more than 300,000 metric tonnes of diesel immediately, followed by further volumes.
Novak said Russia could raise diesel exports to 3 million to 3.5 million metric tonnes per month by the end of the year.
Novak said Russian exports could return to pre-crisis levels.
- Potential monthly exports
- 3 million to 3.5 million metric tonnes by year-end
- Trump’s initial announced supply
- More than 300,000 metric tonnes
- Further supply announced for November
- 500,000 tonnes
- Additional supply announced thereafter
- 1 million tonnes
- Reported change in global diesel prices
- Down about 5% to 6%, according to Novak
What people are saying
Russia has the capacity to increase diesel fuel exports
These additional supplies from Russia to global markets will allow for increased volumes and help partially balance supply and demand.
Sources
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