Russia diesel exports rise 100 per cent after Trump lifts sanctions
No additional Russian fuel shipments have reached the US despite an agreement to increase global diesel supplies.
Russia nearly doubled its diesel exports in October following an agreement between US President Donald Trump and Russian President Vladimir Putin to boost global fuel supplies, according to a Times of India report. Data provider Kpler shows Russia exported approximately 271,000 barrels of diesel per day in October, up from 135,000 barrels per day in September.
While the deal aimed to lower fuel prices, no additional shipments have reached the US. Tankers originally intended for American buyers changed course due to sanctions concerns and opposition. Instead, the extra fuel went to markets including Turkey and Brazil, according to The Financial Times.
The US Treasury Department's Office of Foreign Assets Control issued General License No. 135 on October 9 to temporarily allow transactions involving Russian diesel. This licence is valid for six months and allows such transactions through April 2027.
New Jersey Governor Mikie Sherrill has challenged the imports, arguing the licence conflicts with the Ending Importation of Russian Oil Act passed in April 2022. Sherrill stated that the administration had not met conditions to lift the ban and warned operators of potential penalties.
A White House official told The Financial Times that the additional diesel would help ease prices for American consumers even if not delivered directly to the US. The official said the deal was made to add supply to the global market.
