Asian Shares Are Mixed and Oil Prices Fall About $1.50 as Trump Says US Will Buy Diesel From Russia – WTOP News
- On Friday, President Donald Trump announced a deal to purchase diesel from Russia, aiming to lower fuel prices before the Nov 3 US midterm elections amid criticism that the plan undermines efforts to cut funding for Russia's war against Ukraine.
- Congress recently passed legislation directing tariffs on Russian oil and natural gas importers, with exceptions for countries reducing reliance by less than 15%, making Trump's deal a direct challenge to that policy.
- Russia will supply more than 300,000 tons of diesel initially, followed by 500,000 tons in November and 1 million tons "immediately thereafter," Trump wrote, with an additional 3 million tons "within a short period of time" after that.
- A bipartisan group of six senators called Sunday for the administration to "immediately reverse course" on the plan, while Asian shares traded mixed and oil prices fell about $1.50 a barrel Monday.
- Tuesday will bring high-profile earnings reports from Citigroup, JPMorgan Chase, and Wells Fargo, alongside fresh data on US inflation and retail sales that could shape investor sentiment this week.
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Former Vice President Mike Pence has called on President Donald Trump to cancel the diesel deal with Russia and sanction Russia.
European leaders prepare to put more pressure on Moscow at Thursday's summit as US president eases restrictions on Russian fuel exports The post Europe 'hardens' stance on Russia - Gap widens with Trump appeared first on in.gr.
Trump’s diesel deal with Putin, a rebuke from Brussels, and a squabble over Europe’s enormous Russian energy bill
EU leaders are unhappy with Donald Trump and Vladimir Putin’s deal to supply Russian diesel fuel to the U.S. They believe it undermines sanctions and allows the Kremlin to continue its war against Ukraine. In response, Trump says Europeans themselves have paid Moscow $250 billion for energy since the war began. Russia says that figure is too low; the EU says it is too high. By any estimate, however, the Kremlin continues to receive very large su…
EU breaks with Trump over US-Russia diesel deal? Europe hits Putin with largest sanctions since 2022
Trump Vs Europe: Transatlantic relations witness another split as US President Donald Trump eased sanctions on Russian energy imports. The news has raised concerns among European leaders as Russia has intensified its aggression against Ukraine. Breaking away from Trump's decision, Europe is stepping up economic pressure on Russia by imposing the biggest sanctions on Russia since 2022. During the Foreign Affairs Council in Luxembourg on October 12, the Foreign Policy Vice President Kaja Kallas made it clear that the US is our biggest ally. As per Euronews, she said that 'US is our biggest ally, but our message is clear: if we want to end this war, the only way we can do this is by putting more pressure on Russia.' Kallas sent a direct message to Donald Trump that easing sanctions does not work. Clarifying that easing sanctions on Putin only leads to more aggressive attacks on Ukraine. For Putin, additional European restrictions could create further economic challenges, while the impact will depend on enforcement, international cooperation, and Russia’s ability to adapt to existing measures. The situation raises important questions about whether the EU's economic pressure can influence Moscow’s decisions and how the EU's recent shift in US relations will affect the Russia-Ukraine war.
Washington, Oct 13 (EFE).- U.S. President Donald Trump this Tuesday defended the agreement with Russia to supply Russian diesel to international markets, which has led to the easing of sanctions on Moscow and has generated discontent among the Republican ranks. Trump defended in the White House that the agreement is not just for [...] Trump's entry defends the agreement to supply Russian diesel against Republican discontent was first published i…
President Donald Trump of the United States said that the Washington-Moscow diesel deal is necessary for the world market." This diesel deal is not for us.
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