Trump Strikes Deal with Putin to Supply Russian Diesel to U.S. and Global Markets
- On Friday, October 9, 2026, President Donald Trump announced that Russian President Vladimir Putin agreed to immediately supply over 300,000 tons of diesel fuel to the American and global marketplace, describing the discussion as "highly successful."
- Since the start of the Iran war in February, diesel prices have soared nearly 70%, while the Kremlin imposed a diesel export ban in July following Ukrainian attacks on energy assets, tightening global supply.
- Russia will deliver 500,000 tons in November and 1,000,000 tons immediately thereafter, with 3 million tons expected shortly; the Treasury Department's Office of Foreign Assets Control is issuing a temporary general license to facilitate these shipments.
- Moscow aims to link this energy supply to ceasefire arrangements in the Black Sea, using the supply as a bargaining chip while potentially pressing for the release of frozen assets, according to diplomatic sources.
- It remains unclear how these shipments will function given wide-ranging sanctions applied to Russia since the invasion of Ukraine, and Trump claims prices will drop, though observers question the deal's effectiveness.
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Photo: Kremlin.ru, CC BY 4.0 (Wikimedia Commons) While Europe adopted sanctions package after sanctions package against Russia for years, Donald Trump concluded an agreement with Vladimir Putin for the delivery of hundreds of thousands — and ultimately possibly millions — tons …
'Absolutely Terrible': Trump Stuns Ukraine By Offering Up A 'Birthday Present' To Putin
President Donald Trump speaks with reporters before departing on Marine One from the South Lawn of the White House, Friday, Oct. 9, 2026, in Washington. Donald Trump has horrified Ukraine after announcing a new deal to buy Russian diesel, a move which unpicks years of united western efforts to run down Vladimir Putin’s war machine.Nato has spent the last four and a half years weaning itself off Russia’s cheap oil exports and cracking down on any…
Trump strikes Russian diesel deal with Putin as Zelenskiy says Ukraine's negotiators were used as a "smokescreen"
Credit: bne IntelliNewsRussia is to supply 1.8mn tonnes of diesel to the US and global markets under a sanctions waiver, enough to cover about three and a half days of US demand.
The price of bulk diesel in New York fell 4.5% after a Russian-American agreement to resume supplies, amid doubts about the ability of Russian refineries to provide sufficient additional quantities to alleviate the global fuel crisis.
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