Russia starts diesel exports to US
Russia will begin exporting its first diesel shipment to the United States tomorrow after lifting the export ban imposed on October 9, in order to meet the needs of the American market. The tanker will carry an initial load of 40,000 tons of fuel, with plans to send additional shipments. The Russian Deputy Prime Minister confirmed that the country will supply quantities that meet American demands within its capacity. This move comes following an agreement between Russian President Vladimir Putin and his American counterpart Donald Trump, which resulted in a 5-6% decrease in global diesel prices and improved relations between the two countries, despite the deterioration of relations with Ukraine. Trump is striving to reduce diesel prices, which have risen to over $6.53 per gallon in the United States, impacting production and transportation costs, especially amid rising prices driven by global market restrictions.
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