the supplies of which were announced by U.S. President Donald Trump. This estimate is given by the German newspaper BILD. The calculation is based on a market price of about $1,400 per ton.
On October 9, Trump announced an agreement with Vladimir Putin on diesel supplies to the American and world markets. According to the U.S. president, Russia is first to supply more than 300 thousand tons of fuel, then another 500 thousand tons in November, and 1 million tons in the next batch. Another 3 million tons are planned to be supplied later.
To implement the deal, Washington temporarily eased sanctions restrictions. The U.S. Treasury allowed operations with Russian diesel, including its import into the country, until April 7, 2027. This does not mean the lifting of all sanctions against Russia, but opens a limited exception for fuel trade.
The decision was made against the backdrop of a sharp rise in diesel fuel prices in the United States. The average price of diesel in the country at the end of September reached $6.53 per gallon, which is 70% higher than a year earlier. Lowering the cost of diesel fuel is especially important for the Trump administration ahead of the midterm congressional elections scheduled for November 3.
After the deal was announced, November diesel futures on the CME fell by 4.98%, dropping to $4.6 per gallon. Russian Deputy Prime Minister Alexander Novak stated that Russia is immediately lifting restrictions on diesel exports earlier than planned.
Vladimir Zelensky held telephone conversations yesterday with the prime ministers of the United Kingdom and Norway, as well as the presidents of France and Finland.
The energy crisis has become a convenient pretext for the tacit convergence of the economic interests of Washington and Moscow. Trump gets a chance to demonstrate lower prices before the elections, the Kremlin gets potential billions in export revenue. Europe and Ukraine remain the losers, for whom fuel prices will still remain high, and who in the future may be left without American intelligence data.
@dirtytatarstan
