Russia-US diesel deal deliveries to take 15-20 days, says Moscow

Moscow has revealed that deliveries of Russian diesel to the US market will take between 15 to 20 days following the signing of contracts. US President Donald Trump announced the controversial agreement last week, aiming to reduce fuel prices for American consumers ahead of the important midterm elections on November 3rd. The Russian Deputy Prime Minister for Energy, Alexander Novak, revealed this in an interview with state-run media outlet Vesti.

However, a signing date has not been announced yet. Earlier, Kremlin’s adviser on international economic cooperation, Kirill Dmitriev, had claimed that contracts would be signed within days. The US is currently experiencing dissatisfaction due to rising pump prices since the commencement of the US-Israeli war on Iran, potentially leading to substantial electoral losses for Trump's Republicans.

While many experts believe that the diesel accord with Moscow will not have a significant impact on consumers' wallets, it's noteworthy that the US consumes 3.9 million barrels of diesel daily, and the initial agreement with Moscow pertains to 2.22 million barrels altogether - enough for only half a day of US consumption.