From the AP:
“Trump
strikes deal with Putin for Russian diesel in sharp reversal of US policy ahead
of midterms”
President
Donald Trump said he has struck a deal to obtain diesel from Russia, a stunning
reversal of years of U.S. pressure on Moscow over its war with Ukraine and an
attempt to address high fuel prices ahead of the U.S. midterm elections.
Trump
said on social media on Friday that he struck the deal with Russian President
Vladimir Putin in a phone call in which he was expected to discuss a suspected
case of plague in Russia. Instead, Trump announced that Russia will immediately
supply more than 300,000 tons of diesel, followed by an additional 500,000 tons
in November and 1 million tons "immediately thereafter." Russia will
deliver an additional 3 million tons "within a short period of time"
after that, he wrote. Trump's shocking announcement comes after he signed a
sweeping Russia sanctions law last month that aimed at clamping down on
Russia's energy revenues, among other areas, that fuel its war against Ukraine.
Ukrainian
President Volodymyr Zelenskyy called it, "a weak decision, unfortunately,
a weak decision by strong partners," according to a statement released by
the Ukrainian Embassy in Washington. Trump's announced the deal as his envoy
Steve Witkoff and son-in-law Jared Kushner were meeting with Ukrainian
officials to discuss a proposal to try to end the Russia-Ukraine war. "I
believe our team is simply being used as a smokescreen. And that is certainly
not fair. It is certainly not how partners should treat each other,"
Zelenskyy said.
Trump's
move casts doubt on the likelihood of the White House imposing sanctions on
Russia this month, given that a bipartisan law passed by Congress directs the
administration to target the top importers of Russian oil and gas. Trump, in
his announcement, did not address the sanctions or Russia's war but said,
"Lower prices for Americans, especially our Great Farmers, Ranchers, and
Truckers, is my Greatest Priority."
Washington
and Moscow offer few details on deal The
White House did not immediately respond to questions about who was paying for
the diesel from Russia and when the fuel being supplied under the agreement
would become available. It also did not clarify whether subsequent supplies of
Russian diesel set to come next month would be supplied prior to Election Day
on Nov. 3.
Gas
prices globally have surged as the war in Iran upends the energy sector. While
diesel future prices dipped on the news on Friday, the national average for a
gallon of diesel in the U.S. remained high at $6.28, according to AAA, after
hitting a record $6.52 on Sept. 22. A statement from Putin, released by the
Kremlin on Friday, said that during their call he and Trump dedicated
"significant attention to the prospects of resolving the Ukrainian
crisis" and also discussed "the situation around Iran and various
aspects of bilateral relations."
Russia
"confirmed its readiness to supply oil and oil products to the American
and global markets," Putin said. "I am confident that this will have
a positive impact on the entire global economy." The two leaders agreed to
continue contacts, Putin said in the statement.
Trump
and Putin's deal draws immediate backlash Zelenskyy, in a lengthy post online reacting to the deal,
said Russia would repay it "with further terror and perfidy." He cast
it as an investment in the war, allowing it to be prolonged.
"It
plays into Russia's hands — allowing it to kill more, wage war for longer, have
even less respect for America, and inflict even greater losses and damage on
the world," he said. Rep. Don Beyer, the senior House Democrat on the
Joint Economic Committee, called Trump's announcement
"This
is what we warned anyone who would listen: Trump isn't the slightest bit
trustworthy when it comes to Russia," Beyer said in a statement on X.
"Giving him expanded tariff powers in hopes he would use them to help
Ukraine was a mistake. Now he's lifting sanctions on Russian fossil
fuels." The law Trump signed last month envisions sanctions on Russian
officials, banks and a shadow fleet of tankers and bans all new U.S. investment
in Russia and the handling of sovereign debt.
It
also directed Trump to impose tariffs of up to 100% on the top five importers
of Russian oil or natural gas, with an exception for countries that import less
than 15% of Russia's natural gas exports and have taken significant steps to
reduce those imports. The U.S. has not imported Russian oil or gas since 2022,
when the Biden administration banned them because of Moscow's invasion of
Ukraine, according to the U.S. Energy Information Administration.
Treasury
Department moves to ease diesel sanctions for six months Shortly after Trump made the
announcement, the Treasury Department said it was immediately issuing a
temporary license allowing Russian diesel to be supplied to the global market.
This is the latest in several licenses the U.S. Treasury has issued
regarding Russian fuel shipments since the start of the Iran war earlier this
year. But it is the first such license to ease sanctions on diesel for a period
lasting longer than the standard 30-day window since the start of the Ukraine
war.
The
new so-called general license means U.S. sanctions will not apply until April
2027 on deliveries of Russian diesel that has been loaded onto tankers as of
Friday. The department extended similar easing of sanctions in March and April
even though Treasury Secretary Scott Bessent had ruled out such a move earlier
in the year.
The
extensions continue to underscore how the fallout from the Iran war has boosted
Moscow's ability to profit from its energy exports, which had been restrained
by the U.S. and other allies since the invasion of Ukraine. It's unclear what
kind of impact the move will have on oil prices, given overall global supply
shortages. "It's kind of shuffling deck chairs on the Titanic," said
Michael Lynch of the Energy Policy Research Foundation, a non-partisan research
institution focused on energy and economics. "If we get diesel from
Russia, basically it means that their existing customers are not going to get
it and they'll have to go somewhere else, and that will keep the price
basically where it is now," Lynch said.
Russia,
once a major exporter of diesel, has banned exports since July as it has
struggled to meet demand inside the country because of Ukraine's repeated
attacks on Russian oil refineries. The International Energy Agency says Russian
diesel output has fallen by about 30%. Russian Deputy Prime Minister Alexander
Novak told state news agency Tass that Russia is "immediately starting to
lift restrictions on diesel exports ahead of schedule." He said that
Moscow could start supplies to the U.S. already in October, and that Russia's
domestic market will be "fully supplied" with diesel, as well.
^
I hope Ukraine bombs the Russian Diesel Pipelines and Ships.
DON"T
BUY RUSSIAN DIESEL!!!!!!
If
you do you are helping commit Mass Murder of innocent Men, Women and Children.
^
https://www.yahoo.com/finance/economy/policy/articles/trump-signs-historic-tax-free-114500969.html


















