Business · Energy & Commodities · 3 hrs ago

Two Russian Diesel Tankers Bound for the U.S. Change Course

Two Russian Diesel Tankers Bound for the U.S. Change Course

Two tankers carrying Russian diesel to the United States have changed course, putting a deal announced by President Donald Trump in doubt.

The ships are among three cargoes that Russia was expected to send to the U.S.; one has signaled Brazil as its destination, while another has diverted to the Mediterranean.

The third tanker may also divert, an analyst said, citing regulatory, legislative and sanctions issues.

Trump said Russia would immediately supply 300,000 tons of diesel, with more shipments to follow, after a call with Russian President Vladimir Putin.

U.S. buyers have declined the cargoes amid legal threats, including a warning that New Jersey port operators could face large fines for unloading Russian diesel.

The initial shipment would cover only three-quarters of U.S. daily diesel use, and a Senate committee has ordered companies involved to preserve documents ahead of oversight inquiries expected after Democrats take control of Congress in January.

3 sources

Related

What people are saying

Matt SmithKpler trade intelligence analyst
two of the three Russian diesel cargoes bound for the U.S. have now diverted to other destinations.
via The Moscow Times
due to regulatory, legislative and sanction issues
via The Moscow Times
Donald TrumpU.S. president
immediately
via The Moscow Times