Squawk Box Europe Express · Crude slips as Trump announces Russia-Ukraine energy ceasefire
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temporarily waived sanctions on Russian diesel imports through April 2027
until April 2027
“Treasury Department put out a statement that was basically temporarily suspending sanctions on Russian diesel. Meaning not only is the U.S. going to buy diesel from Russia, the U.S. government is also saying it's not going to punish anyone else for buying diesel from Russia.”
“He signed an executive order easing sanctions that would have targeted countries that were buying Russian oil.”
“The United States produces more than enough diesel on its own. It doesn't need to import it.”
“The first thing that happened was Trump announced a deal with Putin to supply Russian diesel to the U.S. And in all, a total of 1.8 million tons will be released over time as part of this deal.”
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