US Treasury issues temporary licence for Russian diesel supplies to world market
In short
The US Treasury Department has issued a temporary general licence allowing Russian-origin diesel fuel to be supplied to the world market at President Donald Trump's direction, Russian outlets reported on October 9. Kommersant reported that the licence is valid until April 7, 2027, covers imports into the US, and that Trump said Russia is ready to supply 300,000 tonnes of diesel immediately, 500,000 tonnes in November and 1 million tonnes later.
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The US Treasury Department has issued a temporary general licence allowing Russian diesel fuel to be supplied to the world market, RBC and Kommersant reported on October 9. RIA Novosti quoted the department as writing on X that, "at President Trump's direction", the Office of Foreign Assets Control would "immediately issue a temporary general license" authorising supplies of Russian diesel fuel to the world market. RIA Novosti's report used the future tense, while RBC and Kommersant reported that the licence had been issued. [ 1 , 2 , 3 ]
According to Kommersant, the licence was issued in accordance with a decision by US President Donald Trump and will be valid until April 7, 2027. Kommersant reported that its text has been published and that it permits transactions "related to the sale, delivery, unloading or import of diesel fuel of Russian origin, including import into the US." [ 3 ]
Kommersant reported that, according to Trump, the Russian side is ready to supply 300,000 tonnes of diesel fuel to the US and the world market immediately, 500,000 tonnes in November and 1 million tonnes later. Trump expects this to help reduce world fuel prices, the newspaper reported. [ 3 ]
Kommersant reported that fuel prices had reached record levels in the US and European countries because of the conflict in the Middle East and damage to Russian oil refineries. According to the newspaper, Trump had earlier allowed that the US could introduce a ban on diesel imports, but later abandoned those plans. [ 3 ]
Why it matters
According to Kommersant, the licence permits the sale, delivery, unloading or import of Russian-origin diesel, including into the US, until April 7, 2027. Trump expects the supplies to help lower world fuel prices, which Kommersant reported had reached record levels in the US and European countries.
Key facts
- The US Treasury Department issued a temporary licence allowing Russian diesel fuel to be supplied to the world market. [ 1 , 3 ]
- The department wrote on X that, at President Trump's direction, the Office of Foreign Assets Control would immediately issue a temporary general licence for the supplies. [ 2 ]
- The licence is valid until April 7, 2027. [ 3 ]
- It permits transactions related to the sale, delivery, unloading or import of Russian-origin diesel fuel, including import into the US. [ 3 ]
- According to Trump, Russia is ready to supply 300,000 tonnes of diesel immediately, 500,000 tonnes in November and 1 million tonnes later. [ 3 ]
- Trump expects the supplies to help lower world fuel prices. [ 3 ]
- Fuel prices reached record levels in the US and European countries because of the Middle East conflict and damage to Russian refineries, Kommersant reported. [ 3 ]
Confirmed by several sources
Still unclear
- The Russian supply volumes of 300,000 tonnes immediately, 500,000 tonnes in November and 1 million tonnes later. Only Kommersant reports these figures, attributing them to Trump; no Russian official statement on them appears in the documents.
- What took place between Trump and Russian President Vladimir Putin on October 9 regarding diesel supplies. Kommersant's article mentions both leaders in connection with diesel supplies from Russia that day, but the passage is incomplete in the available text.
- Whether the licence had already been issued at the time of the first reports. RIA Novosti quoted the department as saying it would issue the licence immediately, while RBC and Kommersant reported it as issued.
What local media are saying
Timeline, local time
- RBC reports that the US Treasury has issued a temporary licence for supplies of Russian diesel to the world market. [ 1 ]
- RIA Novosti quotes the Treasury Department's post on X that the licence will be issued immediately at Trump's direction. [ 2 ]
- Kommersant reports the licence text has been published and that it is valid until April 7, 2027. [ 3 ]