Trump strikes diesel deal with Putin, reversing years of pressure on Russia over Ukraine war
Summary
President Donald Trump announced a deal with Russian President Vladimir Putin for Russia to supply over 300,000 tonnes of diesel fuel to U.S. and global markets immediately, with more deliveries planned soon. This decision reverses years of U.S. efforts to pressure Russia over its war in Ukraine and aims to lower fuel prices before the U.S. midterm elections.Key Facts
- President Trump struck a diesel supply deal with Russia during a phone call with President Putin.
- Russia will supply more than 300,000 tonnes of diesel immediately, with additional shipments totaling millions of tonnes planned over the following months.
- This agreement contrasts with earlier U.S. sanctions intended to limit Russia’s energy exports because of its invasion of Ukraine.
- The White House has not clarified who will pay for the Russian diesel or when the fuel will be delivered to the U.S.
- The deal is intended to reduce high fuel prices in the U.S., especially helping farmers, ranchers, and truckers.
- The U.S. Treasury Department issued a temporary license to allow Russian diesel to enter global markets following this announcement.
- The U.S. stopped importing Russian oil and gas in 2022 due to the Ukraine conflict, making this deal unexpected.
- U.S. gasoline and diesel prices have recently hit record highs, contributing to the urgency of finding new fuel sources.
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