Russia-US Diesel Deal Details Emerge
Summary
Russia says diesel could reach the US market 15 to 20 days after a proposed supply deal is signed, though no signing date has been set. Analysts say the deal is unlikely to significantly ease fuel prices for American consumers ahead of the midterm elections.
Key Points
- Russian Deputy Prime Minister Alexander Novak said diesel could arrive in the US 15 to 20 days after the deal is signed.
- The signing date for the proposed Russia-US diesel supply agreement has not yet been set.
- US President Donald Trump said last week that a diesel agreement with Russia was nearing completion.
- Experts say the proposed supply volume is too small to meaningfully reduce fuel prices in the US.
