Trump, Putin reach deal to release Russian diesel to world

The move also aims to address rising fuel costs before the US midterm elections.

In a social media post, Trump wrote he had made a deal with Putin during a phone call that was supposed to be about a suspected plague outbreak in Russia.

According to Trump, Russia would immediately supply more than 300,000 tons of diesel, followed by an additional 500,000 tons in November and 1 million tons “immediately thereafter.”

Trump wrote that Russia would deliver another 3 million tons “within a short period of time” after that.

The US Treasury Department issued a temporary license that will allow Russian diesel to reach global markets through April 2027.

Since its 2022 full-scale invasion of neighboring Ukraine, Moscow has been hit with waves of sanctions by the United States and its partners.

Earlier this year, temporary US sanctions waivers that allowed the sale of Russian oil raised concerns because they could hinder efforts to deprive Moscow of funds for its war in Ukraine.

Trump’s announcement on Friday came just before US, Ukrainian, and European officials were set to meet in Miami for new diplomatic talks aimed at ending Russia’s war in Ukraine.

Don’t let the algorithm hide the news. If you rely on our team for trusted reporting, please take a moment to select us as your Preferred Source on Google by clicking here and hitting the “star” or “preferred” button, so you’ll always see our verified news first.