President Donald Trump announced a deal to import Russian diesel into the United States, amid increasing pressure to lower fuel prices. Trump stated that Russian President Vladimir Putin agreed to release 300,000 tonnes of diesel immediately to the American and global marketplace, followed by 500,000 tonnes in November and an additional million tonnes thereafter. This announcement on October 10, 2026, drew criticism from Ukraine's President Volodymyr Zelensky, who described it as a gift to Putin, labeling it an investment in a war that should be ended.
Reports indicate that the U.S. Treasury is suspending sanctions on Russian diesel exports until April 7, 2027, although other assets in American banks remain frozen. In a post on Truth Social, Trump mentioned that a further three million tonnes of Russian diesel would be delivered soon, depending on the condition of Russian refineries, which have been targeted by Ukrainian attacks.
Putin later confirmed Russia's willingness to supply oil and petroleum products to both the U.S. and global markets, although he did not specify the quantities. Analysts have raised doubts about Russia's ability to deliver the stated amounts and the potential impact on U.S. fuel prices. Tim Armitage, an investment strategist at Quilter Cheviot, noted that the initial tranche of diesel equates to approximately 2.25 million barrels, while daily U.S. consumption is around 3.8 million barrels, suggesting that it would not significantly affect pump prices.
The BBC has sought clarification from the White House regarding what the U.S. will offer Russia in return for this deal. A spokesperson for the UK government reiterated its commitment to supporting Ukraine and maintaining pressure on Russia through sanctions.
This announcement is part of Trump's ongoing efforts to address rising fuel prices in the U.S., which have surged due to the ongoing conflict in Iran and its impact on global energy prices. The average diesel price in the U.S. is currently $6.28 per gallon, down from a record high of $6.53 at the end of September.
Following Trump's announcement, the U.S. Treasury issued a temporary license allowing Russian diesel into the market. Putin stated that he had discussed the global energy situation with Trump, confirming Russia's readiness to supply oil and petroleum products. Kirill Dmitriev, an envoy for Putin, expressed support for the deal, stating that cooperation between Russia and the U.S. on diesel and energy would benefit the world.
Zelensky criticized the deal, asserting that gifts to Putin would not contribute to peace and that Russia would repay the diesel with further aggression. He emphasized the need for strong support from the U.S. for Ukraine's defense.
The deal represents a significant shift, as the U.S. Congress had recently enacted legislation to impose new sanctions on nations importing Russian oil and gas. The agreement may lead to criticism from European allies and pro-Ukraine politicians in the U.S., who argue that it could inadvertently support Moscow's military efforts. The impact of the deal on fuel prices remains uncertain, with Brent crude oil prices currently above $103 per barrel, compared to about $73 per barrel before the conflict in Iran.
As the midterm congressional elections approach, Trump is exploring various strategies to alleviate pressure on his party, including the possibility of suspending the federal gasoline tax and allowing red dye diesel to be used on highways without federal tax. He has also previously advocated for the release of 100 million barrels of oil and diesel from stockpiles to address supply concerns.