Russia Partially Lifts Diesel Export Ban Following Putin-Trump Talks

Moscow, The Gulf Observer: The Russian government has partially lifted its ban on diesel exports, allowing up to 500,000 metric tons of the fuel to be supplied to international markets, following agreements reached between Russian President Vladimir Putin and US President Donald Trump.

According to a statement issued by the Russian government, the decision took effect on October 10 and aims to implement the understandings reached by the two leaders.

The government said Russian oil companies would immediately begin contracting diesel supplies with foreign buyers in coordination with the relevant authorities.

Russian Deputy Prime Minister Alexander Novak emphasised that the resumption of exports would not affect the interests of domestic consumers.

Putin and Trump held a telephone conversation on October 9, during which they discussed several issues, including supplies of petroleum products. Following the talks, Putin reiterated Russia’s readiness to supply oil and petroleum products to the United States and other international markets.

According to Novak, Russia plans to increase diesel exports progressively. The country is prepared to supply 300,000 metric tons in October, with volumes expected to rise to 500,000 metric tons in November and one million metric tons in December. Monthly supplies could subsequently reach three million metric tons, he said.

The Russian government’s decision to partially ease the export restrictions comes ahead of the previously anticipated schedule and is intended to facilitate the gradual resumption of supplies to international markets.

Meanwhile, the US administration has issued a general licence authorising Russian diesel supplies to global markets until April 7, 2027, according to the report.

The move signals a potential expansion of petroleum product supplies from Russia to international markets, with the planned export volumes expected to increase in the coming months.