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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Trump says Russia will supply millions of tonnes of diesel as US eases sanctions on Moscow
US President Donald Trump announced on Friday a deal with Russian President Vladimir Putin for Russia to supply some 4.8 million tonnes of diesel to US and global markets, aiming to curb rising fuel prices. To make it possible, the Treasury Department temporarily suspended sanctions on Russian diesel until April 2027.
Trump's move on Russian diesel could only be the first step to unlock the Moscow Gnl that still arrives in Europe but that should be blocked from January. Or...
Trump says US to import Russian diesel in deal with Putin before midterms
In total, there will be about three million barrels, 300 thousand with immediate effects. Putin's special envoy underlines that agreement "will benefit the world". Kiev warns of escalation of the war.
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