Trump taps Russia to boost global diesel supplies ahead of midterms. It may be ‘too little, too late,’ says strategist. Former U.S. ambassador to Russia under Obama calls Trump’s U-turn on Russia ‘absolutely deplorable’ The U.S.
Treasury Dept. has temporarily lifted sanctions on Russian diesel exports. The Trump administration took a U-turn on Friday and enlisted Russia to help boost U.S. and global diesel supplies in an effort to lower prices for the fuel ahead of the fast-approaching U.S. midterm elections in November. President Donald Trump said in a social-media post on Friday that he made a deal with Russian President Vladimir Putin that will lead to Russia supplying more than 300,000 tons of diesel “to the American and Global Marketplace,” followed by another 500,000 tons in November and 1 million tons after that.
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Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch since 1998. She has been writing the Commodities Corner column since 2005. Victor Reklaitis is a Washington Correspondent for MarketWatch.
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