World · Europe · 6 hrs ago

Trump announces energy ceasefire as Russian diesel exports fall

Trump announces energy ceasefire as Russian diesel exports fall

Donald Trump says Russia and Ukraine have agreed to stop attacks on each other’s energy infrastructure.

The terms have not been detailed, and Ukrainian President Volodymyr Zelensky said he had not been informed.

Ukrainian drone strikes have damaged many Russian oil refineries, and Russian diesel exports have fallen 40% since the start of the year.

Russia has also restricted diesel exports and rationed fuel in some regions to protect domestic supplies.

If attacks stop, Russian refineries could repair damage and increase production, but exports are not expected to recover immediately.

Moscow would first need to meet domestic demand, and repairs and export restrictions would also affect how much fuel it can sell abroad.

The possible increase in supply matters because fuel prices have risen since the war in Iran began.

Sources

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