Russia and the US are implementing an agreement to suspend restrictions on Russian diesel exports. Russian Foreign Minister Sergey Lavrov said that the practical implementation of the agreement has already contributed to lower prices in the world. Therefore, according to Moscow, the easing of trade barriers began to affect the fuel market.
Earlier, Donald Trump announced Russia's agreement to supply more than 300,000 tons of diesel fuel, another 500,000 tons in November and then a million tons. These amounts assume a consistent increase in supply. The US Treasury Department has already issued a temporary permit to import Russian diesel, valid until April 7, 2027.
The agreement moves the issue from the level of political statements to the level of specific permits and declared trade volumes. Future fuel shipments and easing restrictions between countries are important to the market. At the same time, the permit remains temporary: its period is limited in advance, and the additional delivery regime has not yet been determined.