Russian Foreign Minister Sergei Lavrov said the agreement under which Russia is to sell diesel to the US and world markets is now in place and prices are falling. In an article published Tuesday in Moscow newspaper Kommersant, Lavrov wrote:
Unlike the West, Russia does not use its economy to score political points against countries it sees as foes or competitors, Lavrov said.
We have supplied energy resources to Europe worth $320 billion since 2022,” Lavrov wrote in Kommersant.
An major contributor to energy security was the agreement between the Russian and US presidents to relax limitations on the export of Russian diesel. “Prices have fallen immediately and it has begun to be applied already.
On October 9, US President Donald Trump announced a surprise deal in which Russia would immediately export 300,000 metric tonnes, or 2.25 million barrels, to the US and global markets, followed by 500,000 tonnes in November and 1 million tonnes “immediately thereafter” to help lower fuel prices ahead of the US midterm elections.
His administration temporarily removed U.S. restrictions on Russian petroleum aimed to cut revenue for Moscow’s conflict on Ukraine.
Lavrov, in comments to Kommersant, said Russia was striving to stabilise global energy markets ensuring global energy security, balanced and sustainable development of countries and macro-regions.
