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US TREASURY SECRETARY BESSENT: RUSSIA DIESEL DEAL GOOD FOR AMERICANS

Summary by Times of India
Defending the diesel supply agreement with Russia, Scott Bessent highlights the Trump administration's strategy to alleviate fuel prices. The deal initiates with more than 300,000 tonnes of diesel heading from Russia, with an additional 3 million tonnes expected shortly. The US Treasury Secretary assures that the decision rests on legal foundations, with promising implications for both American consumers and the international trading landscape.

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(Washington = Yonhap News) Correspondent Baek Na-ri = U.S. Treasury Secretary Scott Besant dismissed criticism regarding the transit agreement between the U.S. and Russia on the 10th (local time), stating, "The United States ...

·Seoul, Korea (the Republic of)
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"What we do is in the interest of the Americans, including because it allows the price of diesel to be reduced," said Bessent to Fox News, "transmits RIA News." According to the U.S. newspaper, on Sunday, the U.S. Congress promised to block the diesel deal with Russia. The first shipment of Russian diesel fuel went to the United States. On Saturday, the German Ministry of Economy responded to Russia's and U.S. diesel deal.

Donald Trump decided to suspend the ban on purchasing fuels from Russia, allegedly to give the US consumer more refined oil, thus obtaining lower prices. But critics claim that the administrative order violates the Federal Law, presses an aggressive power and nothing changes in the fuel landscape in the US. The relations between Kiev and Trump have thus reached its lowest level.

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bankingnews.gr broke the news on Sunday, October 11, 2026.
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