Russia says its diesel exports may exceed volumes announced by Trump
Russian officials said exports could return to 3 million to 3.5 million tons a month as U.S. sanctions were eased after a Trump-Putin deal.
- Russia aims to recover its diesel exports to 3.0-3.5 million tons per month by year-end, Deputy Prime Minister Alexander Novak said on Monday, returning to pre-crisis volumes.
- This recovery follows a deal with President Donald Trump, who temporarily lifted sanctions on Russian fuel to help balance global supply and demand.
- Trump announced on Oct 9 that Russia would immediately supply more than 300,000 tonnes, followed by 500,000 tonnes in November and 1 million tonnes "immediately thereafter."
- Global diesel prices have already fallen around 5-6% due to the deal, Novak reported, noting Russia has the capacity to increase exports despite previous attacks.
- Soaring diesel prices remain a concern for voters ahead of Nov 3 midterm elections, affecting farmers and truckers who depend on fuel stability.
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After the diesel deal with the USA, Russia has resumed its diesel exports. According to data from the provider LSEG, a tanker with around 40,000 tonnes of low-sulphur diesel was loaded in the Baltic Sea port Primorsk on Tuesday. The ship is on its way to Morocco.
According to data from the provider LSEG, a tanker with around 40,000 tons of low-sulphur diesel was loaded in the Baltic Sea port Primorsk. It is said to be on its way to Morocco.
This is shown by data from a financial service provider. The loading ship is therefore on its way to Morocco. According to Russian data, Moscow is negotiating with Washington on further exports despite sanctions.
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By agreeing to send hundreds of thousands of tons of diesel to the world's hungry market, the Kremlin has achieved something that has not yet been brought by crude military force in the battlefields, a deal that will not only help the Russian economy...
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