Business · Trade · 7 hrs ago
Russian and US companies discuss diesel fuel supplies
Russian and US companies are discussing possible supplies of Russian diesel fuel, Deputy Prime Minister Alexander Novak said.
The energy ministries of both countries are also in talks.
The discussions follow a phone call between Russian President Vladimir Putin and US President Donald Trump on October 9, when they discussed petroleum supplies.
Russia has begun lifting its ban on diesel exports earlier than planned and says it is ready to supply 300,000 tons in October, 500,000 tons in November and 1 million tons in December.
Novak said Russia aims to eventually raise supplies to 3 million tons a month.
The United States has exempted Russian diesel shipments to global markets from sanctions until April 7, 2027.
No supply deal has been announced, and negotiations are ongoing.
Russian and US companies are negotiating supplies of Russian diesel, Russian Deputy Prime Minister Alexander Novak said.
The countries’ energy ministries are also in talks, according to Novak.
Russia has partially lifted its ban on diesel exports, and the United States has waived relevant sanctions for six months.
Russia is prepared to supply 300,000 tons in October, 500,000 tons in November and 1 million tons in December, with a stated goal of reaching 3 million tons per month.
- Who
- Russian and US companies, along with the Russian Ministry of Energy and the US Department of Energy.
- What
- They are negotiating supplies of Russian diesel fuel.
- When
- The talks were underway by October 12, 2026.
- Where
- The negotiations involve Russia and the United States; specific locations are not stated.
- Why
- The talks follow agreements reached between Presidents Vladimir Putin and Donald Trump on petroleum-product supplies.
This story does not have two clearly opposing sides.
Russian President Vladimir Putin and US President Donald Trump held a telephone conversation and discussed, among other topics, petroleum-product supplies.
Novak said Russian and US companies and the two countries’ energy ministries were already negotiating diesel supplies.
Russia was prepared to supply 300,000 tons of diesel.
Russia was prepared to supply 500,000 tons of diesel.
Russia was prepared to supply 1 million tons of diesel.
- October 12, 2026
- Novak said negotiations were underway
- October 2026
- Planned Russian diesel supply: 300,000 tons
- November 2026
- Planned Russian diesel supply: 500,000 tons
- December 2026
- Planned Russian diesel supply: 1 million tons
- Long-term monthly target
- 3 million tons of diesel
- Sanctions exemption
- Russian diesel shipments to global markets exempted from US sanctions until April 7, 2027
What people are saying
Today, negotiations are already underway between our companies and buyers of Russian commodities, as well as between the Russian Ministry of Energy and the US Department of Energy
Sources
Related news
Russia says diesel exports could return to pre-crisis levels by year-end
Novak says Russia supplied the EU with $320.7 billion in energy since 2022
37% of Chanel perfume listings blocked on marketplaces
Records suggest Abramovich aides falsified documents to reduce tax and hide assets
Russian official says EU bought $320.7 billion in Russian energy since 2022
Russia says diesel exports can ease global supply pressure
Novak says Russia can increase diesel exports without shortages at home
Putin says Russia’s grain harvest will exceed 100 million tons
Russia says it supplied Europe with $21.3 billion in energy in 2026
Sberbank files to have fuel operator EuroTrans declared bankrupt
AvtoVAZ CEO says Lada Iskra will rank among Russia’s top 10 cars in 2026