Russia has the capacity to raise diesel exports to 3.5 million tons per month by the end of the year, according to TASS. This agreement follows a phone call between Vladimir Putin and UAE President Sheikh Mohamed bin Zayed Al Nahyan and prior discussions between Putin and Donald Trump. The negotiations come as conflict between the US and Iran in the Persian Gulf disrupts energy markets and regional shipping lanes.
Tuesday, October 20, 2026
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Russia and US Negotiate Diesel Deal to Bypass Sanctions
Commodities7 days ago
The Kremlin is seeking to expand its fuel output and refining volumes to meet new demand from the United States, Deputy Prime Minister Alexander Novak said. Moscow and Washington are currently negotiating the final terms of a diesel supply contract that includes a specific mechanism to maintain deliveries despite Western sanctions. Under the proposed arrangement, Russian diesel will be shipped both to global markets and directly to the US.
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