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US Treasury immediately issues temporary license for Russian diesel supplies to global market
The US Treasury Department announced that it is immediately issuing a temporary general license to authorize supplies of Russian diesel fuel to the global market.
The department reported this on X, Censor.NET reports.
Details
"Today, at President Trump’s direction, the Office of Foreign Assets Control (OFAC) is immediately issuing a temporary general license authorizing supplies of Russian diesel fuel to the global market," the statement reads.
The United States is suspending sanctions on Russian diesel fuel until April 7, 2027.
Background
- On October 9, US President Donald Trump said he had spoken with Russian dictator Putin and reached an agreement on supplies of diesel fuel from Russia to US and global markets.
- According to him, Russia will "immediately" supply more than 300,000 tonnes of diesel to US and global markets, another 500,000 tonnes during November, and a further one million tonnes "immediately after that."
- As a reminder, against the backdrop of Ukrainian strikes on Russian oil refineries, the Russian authorities have repeatedly extended a ban on diesel fuel exports until at least the end of October.
- The US president publicly said that Ukraine should stop its strikes on Russia’s energy sector because they allegedly cause diesel fuel shortages. According to him, the shortage arose specifically because of the war in Ukraine, rather than the US war against Iran.
- Other US politicians have made similar statements. US Treasury Secretary Scott Bessent said that Ukrainian strikes on Russia’s energy sector were causing an energy crisis. He cited the war with Iran as the second cause of the crisis.
