Business · Energy & Commodities · 10 hrs ago
Russia says it can sell diesel abroad as export restrictions ease
Russia has partly lifted its ban on diesel exports, opening the way for an initial 500,000 tonnes to be offered on the world market.
Kremlin spokesman Dmitry Peskov said demand for oil products worldwide is strong and Russia should have no trouble finding buyers.
Deputy Prime Minister Alexander Novak said Russian consumers would not be affected because domestic production fully meets the country's needs.
The move follows a phone call between Russian President Vladimir Putin and US President Donald Trump on October 9.
The US Treasury has issued a general licence allowing transactions linked to the sale, delivery, unloading and import of Russian diesel.
The next step is for Russia to sell the fuel abroad, including to the United States, under the arrangements described by Russian officials.
Russia says it can sell diesel on world markets because global demand for petroleum products is high.
The Russian government has announced a partial easing of the diesel export ban.
The first stage could put 500,000 tonnes of Russian diesel on the world market.
Deputy Prime Minister Alexander Novak said Russian consumers would not be affected because domestic demand is covered by local production.
The US Treasury issued a general licence allowing transactions involving Russian diesel after a call between the Russian and US presidents.
- Who
- Russia, represented by Kremlin spokesman Dmitry Peskov, says it can sell diesel abroad.
- What
- Russia has partly eased restrictions on diesel exports and says it can sell the fuel on world markets.
- When
- The article was published on October 11, 2026. The presidents spoke by phone on October 9.
- Where
- Russia and the world market; the article also mentions planned supplies to the United States.
- Why
- Peskov said global demand for petroleum products is high and there is no problem with demand.
This story does not have two clearly opposing sides.
Demand is huge. A huge amount of oil and petroleum products has disappeared from the market… So, let’s say, there is no problem with demand in the markets. There would be supply.
Russian President Vladimir Putin and US President Donald Trump spoke by phone.
The US Treasury issued General License No. 135, permitting transactions related to the sale, delivery, unloading and import of Russian diesel.
The Russian government announced a partial lifting of the diesel export ban.
- Initial export volume
- 500,000 tonnes
- Phone call
- October 9, between Vladimir Putin and Donald Trump
- US licence
- General License No. 135
- Domestic supply
- Alexander Novak said the domestic market was fully supplied by Russian production
Sources
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