First Russian diesel cargo heads to New York
A tanker carrying about 300,000 barrels of Russian diesel left the Baltic port of Primorsk for New York. It is due to arrive on November 7. US diesel costs about $6.30 a gallon, and the Treasury issued a six-month waiver on October 9 allowing Russian diesel sales.
Why it matters
The shipment aims to ease high US fuel prices and marks a shift in sanctions on Russian energy.
Background
Western countries restricted Russian oil sales after the 2022 invasion of Ukraine. The waiver came hours after a phone call between Presidents Trump and Putin.
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
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