War & ConflictsPolitics

Suspension of US sanctions against Russia

US President Donald Trump suspended sanctions against Russia, saying the move was in the national interest. By executive order, he blocked measures targeting revenue from Russian oil and gas that had been included in a law he signed a month earlier.

Russian envoy Kirill Dmitriev called the suspension a historic moment.

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Business & Finance

US-Russia diesel supply agreement

14 sources

President Donald Trump said after speaking with President Vladimir Putin that Russia would supply more than 300,000 tonnes of diesel immediately to the United States and the world market. He also announced further deliveries of 500,000 tonnes in November and larger later shipments, subject to the condition of Russian refineries. A Russian deputy prime minister confirmed that an agreement had been reached and said an initial delivery would be made this month. Later reports described the total planned volumes differently, with one putting them at up to 4.8 million tonnes through April. Russia’s envoy Kirill Dmitriev said the agreement could open the way to further economic cooperation and that further joint initiatives would be announced. The US Treasury reportedly issued a temporary licence for Russian diesel imports, and Trump later paused sanctions and import penalties on Russian energy that had been authorised under a law he signed the previous month, citing US national interests. The deal drew criticism in the United States and abroad, including from Ukrainian President Volodymyr Zelensky, who said easing restrictions would help finance Russia’s war. Dutch Prime Minister Rob Jetten said the agreement should be taken off the table. Reports also said it remains uncertain whether Russia can supply all the announced volumes because of damage to its refineries and its own fuel shortages.