Trump Says He Will Import Russian Diesel Fuel Amid High Prices
New York Times · LC · trust 51/100
President Trump said Russia had agreed to ship potentially millions of tons of diesel fuel in the coming months. But the amounts would be small relative to global demand.
Listen · 9:18 min Share full article Diesel prices at a gas station in the Bronx last month. Credit... Hilary Swift for The New York Times By Chris Cameron Ivan Penn and Valerie Hopkins
Chris Cameron reported from Washington, Ivan Penn from Los Angeles and Valerie Hopkins from Berlin.
The Kremlin issued a statement saying Mr. Putin had expressed a willingness to supply more oil and other fuels to the world in a phone call with Mr. Trump.
Minutes after Mr. Trump’s announcement, the Treasury Department said it was lifting sanctions on Russian diesel exports “to allow the supply of Russian diesel to the global market.” The announcement gave Russian energy producers a general license to sell diesel fuel until April.
The United States placed sanctions on Russian energy exports after the country invaded Ukraine in 2022, to limit Mr. Putin’s ability to finance that war.
Russia, a crucial supplier of diesel to the rest of the world, last week had extended its ban on diesel exports until the end of October, amid punishing Ukrainian strikes on oil refineries and other fuel infrastructure . Those attacks, and the export ban, have helped keep fuel prices high before the U.S. midterm elections. Mr. Trump has recently criticized Ukraine for the strikes , saying they were driving up prices.
But Mr. Trump said in a social media post on Friday that Mr. Putin had approved shipping potentially millions of tons of diesel fuel in the coming months.
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