Business · Energy & Commodities · 2 days ago
US temporarily permits Russian diesel sales to global markets
The US Treasury has issued a temporary license allowing sales, delivery and imports of Russian diesel, including imports into the United States.
The license applies to transactions that were previously barred under US sanctions on Russia.
It remains in effect until April 7, 2027.
It does not allow payments to accounts belonging to Russia’s central bank, National Wealth Fund or Finance Ministry at US financial institutions.
Temporary licenses for Russian goods have been issued before and do not change the overall sanctions regime.
US President Donald Trump said Russia had agreed to supply more than 300,000 tonnes of diesel, with further shipments planned, but the license itself sets no shipment volumes.
The US Treasury issued a temporary license allowing transactions involving Russian-origin diesel that were previously barred under sanctions.
The authorization covers the sale, delivery, unloading and import of Russian diesel, including into the United States.
The license was signed on October 9 and remains in effect until 12:01 a.m. Eastern Daylight Time on April 7, 2027.
It does not allow funds to be transferred to accounts of Russia’s central bank, National Wealth Fund or Finance Ministry at US financial institutions.
President Donald Trump said Russia had agreed to supply more than 300,000 tonnes of diesel, with further shipments planned.
- Who
- The US Treasury’s Office of Foreign Assets Control issued the license. President Donald Trump said Russia had agreed to supply diesel.
- What
- A temporary license allows transactions involving Russian-origin diesel that were previously prohibited under sanctions.
- When
- It was signed on October 9, 2026, and expires on April 7, 2027.
- Where
- The authorization applies to global markets, including imports into the United States.
- Why
- The sources do not state why the US issued the license.
This story does not have two clearly opposing sides.
immediately after that
Trump said he had spoken with Russian President Vladimir Putin and that they had agreed on diesel supplies.
OFAC director Bradley Smith signed the temporary license.
Trump said a further 500,000 tonnes of diesel would be supplied.
Trump said 1 million tonnes would be supplied, followed by an additional 3 million tonnes over time, depending on the condition of Russian refineries.
The license is due to expire at 12:01 a.m. Eastern Daylight Time.
- License
- General License No. 135
- Signed
- October 9, 2026, by OFAC director Bradley Smith
- Expiry
- 12:01 a.m. Eastern Daylight Time, April 7, 2027
- Initial supply cited by Trump
- More than 300,000 tonnes
- Further supply cited by Trump
- 500,000 tonnes in November; 1 million tonnes afterward
- Additional supply cited by Trump
- 3 million tonnes, depending on the condition of Russian refineries
Sources
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