Economy By

Trump and Putin agree Russian diesel deal for the US: details

Trump and Putin agree on Russian diesel for the US despite new sanctions
Prague
7°
Cloudy
Exchange rate
EUR 24,34
USD 21,86
Petrol / Diesel43,91 · 47,95 Kč

Popular

A Faint Cosmic ‘Witch’ Gazes at Rigel as Orion Rises Before Midnight

Data Centers Become a Midterm Fight as Voters Weigh Tax Breaks Against Local Costs

Why Erin Patterson Will Never Be Eligible for Parole After Losing Her Appeal

Ukraine halts strikes on Russian oil refineries after US pressure

Rubin Telescope Spots Possible Sixth Dwarf Planet Beyond Pluto

US President Donald Trump announced on Friday that he had agreed with Vladimir Putin on supplies of Russian diesel fuel: Russia will immediately send more than 300,000 tonnes to the American and global markets, with volumes rising afterwards. Trump called his phone call with the Russian leader “very successful”.

What we know about the deal

According to Trump, Russia will deliver another 500,000 tonnes in November, followed by another one million tonnes. “In addition, depending on the condition of the refineries, Russia will deliver three million tonnes of diesel in a short time,” the American president wrote, predicting a rapid fall in diesel prices in the US and worldwide.

Putin confirmed that Russia is ready to supply oil and oil products to the American and global markets, adding that this would benefit the world economy. Kirill Dmitriev, the Kremlin's representative for international trade cooperation, praised the two countries' cooperation in oil and energy and said the whole world would gain from it.

Against the backdrop of new sanctions

Because of the sanctions in force against Russia, the US Treasury has already issued a temporary licence for Russian diesel supplies, valid until 7 April next year, European news agencies report.

The unexpected announcement came shortly after Trump signed a law last month with sweeping sanctions meant to increase pressure on Russia and bring the end of the war in Ukraine closer. The law allows tariffs of up to 100 percent on the five biggest buyers of Russian oil or gas, including China and India. It also provides for sanctions against senior Russian officials, financial institutions and “shadow fleet” tankers that Moscow uses to get around Western restrictions.

Fuel prices ahead of the elections

Expensive petrol and diesel are a serious problem for Trump ahead of the November elections, in which the Republican Party will try to keep its majority in Congress. Lately he has blamed the price rises on Ukrainian strikes on Russian refineries, and denies that the war with Iran, unpopular among Americans and begun by the US and Israel in late February, is to blame. Kyiv says this is how it limits Moscow's ability to finance an aggressive war. Volodymyr Zelensky called an easing of sanctions without an agreement on de-escalation “a display of obvious weakness”.

Around Prague, based on reporting by seznamzpravy.cz

Share: Telegram WhatsApp

More U.S. news

Data Centers Become a Midterm Fight as Voters Weigh Tax Breaks Against Local Costs

Data Centers Become a Midterm Fight as Voters Weigh Tax Breaks Against Local Costs

Data centers, the huge buildings that power artificial intelligence, have moved from zoning boards to the ballot box. NPR reported that voters in more than 40 cities and towns across eight states will
Fish Fight Shapes Alaska's Tight Senate Race as Salmon Runs Fade

Fish Fight Shapes Alaska's Tight Senate Race as Salmon Runs Fade

In Alaska's closely watched U.S. Senate race, one of the loudest arguments is about fish. Salmon that have long fed Indigenous communities are failing to return to some rivers in the western part of t
Trump Swaps Iowa and Kansas Rallies for Phone Events Before Midterms

Trump Swaps Iowa and Kansas Rallies for Phone Events Before Midterms

President Donald Trump canceled two weekend campaign rallies, one in Kansas and one in Iowa, and said he will reach voters through tele-rallies instead, according to NBC News. The change comes as Repu
Trump Weighs Iran Strike Options While Diplomacy Runs on a Parallel Track

Trump Weighs Iran Strike Options While Diplomacy Runs on a Parallel Track

The top U.S. commander in the Middle East briefed President Donald Trump at the White House on Thursday on the state of the Iran war, including options for a possible return to major combat operations
Fed Keeps Rates at 3.75% to 4% as Oil-Driven Inflation Tests Policymakers

Fed Keeps Rates at 3.75% to 4% as Oil-Driven Inflation Tests Policymakers

The Federal Reserve left its benchmark interest rate unchanged this week, keeping borrowing costs elevated after a quarter-point increase in September. The Federal Open Market Committee held the feder
Binance Hack: What the Suspected Theft Means for Users and Crypto Prices

Binance Hack: What the Suspected Theft Means for Users and Crypto Prices

Binance, the world's largest crypto exchange, is investigating a suspected hack that hit its hot wallet on Thursday. Some withdrawals have been paused, and crypto prices fell sharply. Binance and its

All U.S. news →

Related news

What Lagarde's Early Exit From the ECB Means for Rates and Europe's Economy

What Lagarde's Early Exit From the ECB Means for Rates and Europe's Economy

Christine Lagarde, president of the European Central Bank, will step down on Feb. 7, nine months before her eight-year term was due to end on Oct. 31, 2027, the bank announced Thursday. The decision starts a scramble among European Union le
Poundland Files Notice of Administration: What It Means for Jobs and Stores

Poundland Files Notice of Administration: What It Means for Jobs and Stores

Poundland, the discount chain with about 600 stores, has moved a step closer to administration, putting up to 12,000 jobs at risk. Its owner, Gordon Brothers, filed a notice of intention to appoint administrators at the high court on Thursd
HMRC to Assign Personal Tax Managers to More Than 200 Billionaires

HMRC to Assign Personal Tax Managers to More Than 200 Billionaires

The UK tax authority, HM Revenue and Customs (HMRC), is assigning a dedicated compliance manager to each of more than 200 billionaires with a UK tax footprint. The move is part of a crackdown that HMRC says will raise at least £500 million,
Australia's Inflation Hits 4.3%, Raising Rate Hike Odds and Budget Pressure on Albanese

Australia's Inflation Hits 4.3%, Raising Rate Hike Odds and Budget Pressure on Albanese

Australia's headline inflation rate climbed to 4.3% on Wednesday, raising expectations of another interest rate increase next week and intensifying pressure on Prime Minister Anthony Albanese's Labor government over the cost of living, The
Prague hotels in August 2026: guests from the United Kingdom −14%, from Taiwan +39%

Prague hotels in August 2026: guests from the United Kingdom −14%, from Taiwan +39%

Prague’s hotels and other collective accommodation hosted 793,999 guests in August 2026 (+0.1% on a year earlier). Foreign guests: −1.7%; guests from Czechia: +10.0%. The top three markets were unchanged: Germany (96,992), Poland (50,325) a
Butter −41%, cucumbers +40%: how Czech grocery prices changed in a year

Butter −41%, cucumbers +40%: how Czech grocery prices changed in a year

A kilo of butter in Czech shops cost CZK 138 in September 2026, 41% less than a year earlier, while iceberg lettuce, cucumbers and tomatoes got markedly more expensive. Of the 84 foods the Czech Statistical Office (ČSÚ) tracks, 61 were chea
What the UK Budget Means for Energy Bills, Savings, Pay and Pensions

What the UK Budget Means for Energy Bills, Savings, Pay and Pensions

Households in England in council tax bands A to D will get a one-off £100 payment toward energy costs from January under the Budget presented by Chancellor John Healey, the BBC reported. Healey described the package as "breathing space" for
UK Budget Day: The Numbers Behind a Modest Plan on Bills, Defense and Taxes

UK Budget Day: The Numbers Behind a Modest Plan on Bills, Defense and Taxes

British Chancellor John Healey is set to present the first budget of Prime Minister Andy Burnham's government to Parliament on Wednesday at 12:30 p.m. GMT. The Guardian reported that the Treasury has been at pains to describe it as low-key,
“Aunt Alena” visits Sapa: finance minister explains EET to Vietnamese traders

“Aunt Alena” visits Sapa: finance minister explains EET to Vietnamese traders

On Tuesday afternoon, Finance Minister Alena Schillerová visited the Vietnamese market Sapa in Prague, nicknamed Little Hanoi. Together with representatives of the ministry and the Financial Administration, she continued her “EET 2.0 roadsh
Electricity standing charge: what Czech suppliers charge and how to cut it

Electricity standing charge: what Czech suppliers charge and how to cut it

The fixed monthly charge on an electricity bill in Czechia ranges from 120 to 169 Kč including VAT, depending on the supplier. This easily overlooked line can mean savings or overspending of hundreds of crowns a year: customers pay it every
China's AI Stock Slump Erases $480 Billion as State Funds Step In

China's AI Stock Slump Erases $480 Billion as State Funds Step In

China's market for artificial intelligence stocks has dropped sharply, with the STAR50 index of technology and chip leaders down about 40% from its July high, according to reports by Geo News and UkrMedia News. The fall has erased roughly $
VAT on soft drinks in restaurants to be cut, but your lunch bill is unlikely to shrink

VAT on soft drinks in restaurants to be cut, but your lunch bill is unlikely to shrink

From Jan. 1 next year, Czech restaurants will charge the reduced 12 percent VAT rate on all soft drinks served with a meal. Previously, the lower rate applied only to some drinks, including tap water, milk-based drinks and their plant-based