Australia Says Doesn’t Need Russian Fuel After Trump Diesel Move
Australia has no need to buy fuel from Russia and said that purchases from there will remain barred so that the country doesn’t benefit from the invasion of Ukraine.
Australia does not need to buy fuel from Russia and will maintain a ban on such purchases to avoid benefiting from Russia's invasion of Ukraine. This stance comes after a development involving the United States and Russia, where US President Donald Trump announced that Russia had agreed to supply millions of tons of diesel to US and global markets. According to Bloomberg and Investing.com, a temporary US Treasury Department license allowed Russian diesel sales on global markets, suspending certain sanctions until April.
The agreement was made to address soaring domestic energy prices in the US, with diesel prices reaching an average of $6.28 per gallon, up from $3.68 a year earlier. The deal, totaling roughly 36 million barrels, was met with criticism from Ukrainian President Volodymyr Zelensky, who warned it would provide Moscow with additional resources for its war efforts.
Investing.com reported that the proposed Russian supplies would include an initial 300,000 tons of diesel, followed by 500,000 tons in November and 1 million tons shortly after, with an additional 3 million tons to be delivered within a short period, subject to refinery conditions.
Brief written by urgent.news from Bloomberg, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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