Will Russiaโs diesel shipment to the US lower prices before midterms?
Moscow dispatches its inaugural diesel shipment to the US, aiming to ease fuel shortages as midterm elections loom.
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Moscow dispatches its inaugural diesel shipment to the US, aiming to ease fuel shortages as midterm elections loom.
Russian President Vladimir Putin hosted US โ special envoy Steve Witkoff in a grand imperial palace on Wednesday to review โ new ideas on ending the war in Ukraine amid Washingtonโs latest push to stop Europeโs bloodiest conflict since second world war. The talks in St Petersburg, the ninth time that Witkoff has met Putin in person, began with a goodwill gesture from Russia โ the release of a retired US teacher held in Russia. The encounter comes amid concerns in Kyiv and among its allies that the...
Bloomberg Economics Economic Statecraft Lead Chris Kennedy tells Bloomberg This Weekend that President Donald Trump's agreement to obtain Russian diesel is unlikely to significantly lower US fuel prices because the proposed November shipment amounts to roughly one day of American consumption. Speaking with hosts David Gura and Christina Ruffini, Kennedy says damage to Russian refineries, logistical challenges and potential legal restrictions raise questions about whether Moscow can deliver the promised fuel, while the agreement could complicate Ukraine's campaign against Russian energy infrastructure. (Source: Bloomberg)