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Latin Times
Latin Times
Politics
Mateo Moreno

Russia Eyes Bigger U.S. Economic Ties After the Birthday-Call Diesel Deal

Donald Trump Vladimir Putin Russia United States Kremlin Kirill Dmitriev Moscow Volodymyr Zelenksyy European Union Giorgia Meloni
Russian and US flags are seen at the US Embassy in central Moscow on November 5, 2024, at the day of US Presidential election. (Credit: Photo by Alexander NEMENOV / AFP) (Photo by ALEXANDER NEMENOV/AFP via Getty Images)

The Briefing

  • Russia's Special Presidential Envoy on Foreign Investment and Economic Cooperation, Kirill Dmitriev, says the U.S.-Russia diesel agreement is only the beginning, with Moscow pushing for expanded investment cooperation in energy and natural resources.
  • The deal, reached during an October 9 phone call between Trump and Putin, suspends U.S. sanctions on Russian diesel through April 2027 and covers up to 4.8 million tons of fuel; Russia partially lifted its own diesel export ban the very next day.
  • The announcement triggered condemnation from Ukrainian President Zelenskyy, EU foreign policy chief Kaja Kallas, Italian Prime Minister Giorgia Meloni, and a bipartisan group of U.S. senators, while the United Kingdom reaffirmed its own sanctions commitments.
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