After a call with Putin, Trump said on Truth Social on Friday evening that Russia would immediately bring more than 300,000 tonnes of diesel to the US market and the world market, soon three million tonnes. The US Treasury issued a temporary permit, according to Der Spiegel, because Russia is under sanctions. The Kremlin confirmed the call (an hour and a half, focused on Ukraine) and Putin’s readiness to deliver; Deputy Prime Minister Novak said Russia is lifting the restrictions on diesel exports immediately, with more volumes coming in November and December. Zelensky sharply criticized the deal; according to Axios, Kyiv was surprised. The volumes come so far from Trump alone.
The move shows how strongly the price of fuel is steering Trump’s policy ahead of the midterm elections on November 3. At the same time it eases the sanctions pressure on Moscow, which the allies, Germany included, have so far supported.
Diesel matters for heating oil, trucking and farming. More supply on the world market could dampen prices, but for now it is only an announcement. The market’s reaction will show only on Monday.
More diesel on the market lowers prices and relieves consumers worldwide. Anyone who wants to end the war has to stay in conversation with Moscow.
Every tonne of Russian exports brings Moscow money for the war. Easing the sanctions rewards Putin without his having promised anything.
Two things are worth watching. First: whether the volumes actually flow, because so far there are Trump’s figures and Moscow’s readiness, but no contracts. Second: how Europe reacts to the easing, because it touches the allies’ common line on sanctions. An answer from the federal government is still missing.
Tagesschau · Der Spiegel · Handelsblatt · Die Zeit · FAZ · Reuters · AP · BBC · Financial Times · Axios (all Oct. 9–10) · Kremlin statements via Tass · volumes only according to Trump
After a call with Putin, Trump announces Russian diesel deliveries for the US and the world market; Zelensky calls it an “investment in the war”
Washington is temporarily easing sanctions to make it possible. The Kremlin confirms the call and a readiness to deliver, but the large volumes come so far from Trump alone. Kyiv is outraged, and whether prices at the pump will fall is open.
After a phone call with Vladimir Putin, US President Donald Trump announced large volumes of diesel from Russia on Friday evening. On Truth Social he wrote that Russia would “immediately” bring more than 300,000 tonnes of diesel to the American and global markets, and that it would soon be three million tonnes. Tagesschau, Der Spiegel, Handelsblatt, Die Zeit, FAZ, Reuters, AP, the BBC and the Financial Times report in agreement. Because Russia is under sanctions, the US Treasury issued a temporary permit, according to Der Spiegel. The sanctions agency OFAC is responsible for this.
The Kremlin confirmed the call and gave its length: an hour and a half. The focus, it said, was the situation in Ukraine, along with large economic projects, including Russian fuel deliveries. Putin pledged that Russia is ready to supply oil and oil products to the US and the world market, the agency Tass reports. Deputy Prime Minister Alexander Novak said Russia is lifting the restrictions on diesel exports immediately; additional volumes are possible as early as October, with more coming in November and December once the refineries are back at work after maintenance. Which volumes will flow when is open. The figures come so far from Trump.
The background is domestic politics. Diesel prices in the US have doubled since the start of the war with Iran in February, according to the BBC, and an election is due on November 3: in the midterm elections, Congress is up for a vote. Handelsblatt writes that Trump has long been under pressure over fuel prices; the FAZ says he is securing fuel for his core voters. At the same time, Washington is easing the pressure on Moscow that it had built up with sanctions. That is the real heart of the story.
The announcement caused outrage in Kyiv. President Zelensky called it an “investment in the war” that must end, not continue. Russia will repay concessions on diesel with “more terror,” he said, and gifts to Putin in the form of sanctions relief would not end the war. According to Axios, the Ukrainian government was surprised by the announcement; Zelensky told the outlet the deal was “not fair and not honest.” Ukraine has repeatedly struck Russian refineries of late.
The Kremlin linked the call to other topics. Putin told Trump that Russia would consider when to resume peace talks; both sides, it said, are interested in the APEC summit in China in November. Trump also welcomed Russia’s role in resolving the Iran conflict, according to the Kremlin’s account, which the White House has not confirmed in the reports at hand. Trump confidant Witkoff called the Ukraine talks in the US “constructive.”
A clear picture of the oil market will come only when the futures markets reopen after the weekend; WTI was last at $91.63, up 0.15 percent. For Germany, the main open question is whether additional Russian diesel will relieve the world market or weaken the allies’ common line on sanctions. No statement from the federal government could be found in the reports reviewed up to early Saturday morning. Nor could a reaction from the EU Commission.