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Trump’s decision to import Russian diesel: energy secretary calls it an incentive to end war

Sanctions waiver and diesel deal

In September, Trump signed a sanctions package targeting Russian officials and parts of the country’s economy, aiming to pressure Russia over its war with Ukraine. Last week, he issued an executive order waiving those sanctions, other restrictions and some duties on Russia.

Trump announced in early October an agreement with President Vladimir Putin for Russia to supply more than 300,000 tons of diesel fuel to the United States and the global market. Wright said the waiver addressed both a diesel shortage and Russia’s continuing war against Ukraine.

Wright links exports to war

Wright argued that Russia would need to enter an energy ceasefire or reduce its military efforts to have enough additional diesel available for export. He described the prospect of exports as a motivation for Russia to work out how to send diesel abroad.

Criticism from Ukraine and lawmakers

Ukrainian President Volodymyr Zelenskyy said waiving sanctions “seems wrong” to him. Lawmakers from both political parties in the United States also criticized the move, including Republican Sen. Thom Tillis. Tillis said Trump could lower energy prices by resolving what he called the Iran problem, rather than helping Russian President Vladimir Putin.

Diesel costs and voters

Higher diesel prices can raise shipping costs, which may then increase the prices consumers pay for everyday goods. The article says Trump hopes voters will look past high gas prices and cost-of-living concerns when they vote in November’s midterm elections.

Key points

  • Wright said potential diesel exports could encourage Russia to reduce its war efforts.
  • Trump’s deal with Putin covers more than 300,000 tons of diesel for the United States and global markets.
  • Zelenskyy and lawmakers from both parties criticized the sanctions waiver.
  • Higher diesel prices can increase shipping costs and prices for everyday goods.
Read the original on Business Insider ↗

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