The agreement faces opposition from both political parties in the US. Dmitriev claimed that Washington is now seeking ways to bypass its own restrictions after driving itself into a "sanctions trap." Beyond the diesel sale, Russia and the US are discussing joint energy projects in the Arctic and the LNG sector, with more initiatives expected to be announced soon.
Tuesday, October 20, 2026
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Trump Ends 4 Year Russian Oil Ban With Diesel Deal
Geopolitics4 days ago
President Donald Trump is proceeding with a Russian diesel purchase that will add 1.3 days of supply to total global consumption. The move terminates a ban on Russian oil that has been in place for more than four years, according to Kirill Dmitriev, Putin's special envoy for investment. Dmitriev stated that the US Treasury asked the Russian Direct Investment Fund to resolve payment issues related to the deal between the two presidents.
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