US-Russia energy deal opens up diesel can of worms
US President Donald Trump's announcement that Russia will be supplying diesel to global markets has opened up a can of worms, says analysts. Washington agreed to lift sanctions on the Kremlin in a bid to bring down energy prices, especially for diesel, which is vital to many economic sectors. Analysts, however, have raised alarm bells, saying the numbers Mr Trump has touted will not add up, and…
The US-Russia energy deal has raised concerns among analysts, as the numbers announced by President Donald Trump are deemed unrealistic. Ukraine's President, Volodymyr Zelenskyy, has criticized the deal, comparing it to a "birthday present" for Russian President Vladimir Putin. Zelenskyy stated that allowing Russia to sell its petroleum products would only fuel further terror and perfidy.
A bipartisan delegation of US Congress representatives visited Ukraine to discuss ending the war, but the diesel deal was not mentioned. The White House announced that Russia would supply over 300,000 tonnes of diesel fuel to the US and global market, with further deliveries to follow. However, analysts at Quantum Strategy and Geonomics argue that these figures are far from realistic, as Russia needs to import diesel just to run its domestic refineries.
Furthermore, the deal is seen as a double standard by some, as the US has imposed sanctions on the International Criminal Court while relaxing energy export sanctions on Russia.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- US-Russia energy deal opens up diesel can of worms thenationalnews.com
- Prime minister slams US-Russia diesel pact: Deals with dictators 'road to hell' news.err.ee
