One Turn
First Russian diesel cargo sails for the US under new deal
The Malta-flagged tanker Agioi Fanendes left Russia's Baltic port of Primorsk on Friday with about 40,000 tonnes, or 300,000 barrels, of diesel bound for New York, where it is due on November 7. The Kremlin confirmed the shipment, which follows a deal Trump said he struck with Putin, despite Ukraine's protests. US diesel prices stand at $6.30 a gallon.
Why it matters
Resumed Russian fuel imports mark a shift in US energy trade with Russia while the war in Ukraine continues.
Background
Western countries curbed Russian energy imports after its 2022 full-scale invasion of Ukraine. High diesel prices have become a US midterm election issue.
The story so far
- Kyiv rejects reported Putin plan for summit with Trump and Xi
- Russia to send first diesel tanker to US under Trump-Putin deal
- First Russian diesel cargo sails for the US under new deal
- First Russian diesel cargo heads to New York
Sources
- OilPrice ↗Oct 23, 9:30 AM ET
- PBS NewsHour ↗Oct 23, 9:52 AM ET
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