A controversial deal between the U.S. and Russia to temporarily ease sanctions on Russian diesel imports is expected to have minimal impact on global fuel prices, according to energy and foreign policy experts. Analysts note that the limited quantity of fuel available for shipment—and the weeks-long delay before it could arrive—would do little to ease rising costs for American consumers and businesses. The announcement, made by the U.S. president, has drawn sharp criticism from Ukraine’s leader, who dismissed the agreement as unexpected and potentially undermining Western unity. Meanwhile, concerns remain over whether the full terms of the deal will even be fulfilled, given the extensive damage to Russian refineries from recent conflicts.
Analysts say fuel will take weeks to ship and quantity is too small to affect prices, while full deal is unlikely to be met given damage to Russian refineriesTrump announces partial ceasefire but Zelenskyy says deal is ‘news to me’Donald Trump’s deal with Vladimir Putin to temporarily lift sanctions on US imports of Russian diesel will have little “meaningful” effect on motorists and businesses in the US and overseas, energy and foreign policy analysts have predicted.The US president infuriated Volodymyr Zelenskyy when he announced the deal on Friday, writing on Truth Social that the agreement with his Russia counterpart to supply millions of tonnes of diesel was essential to reduce fuel prices in the US, which have soared after his decision to go to war against Iran. Continue reading...
