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Russia plans to lift restrictions on diesel exports ahead of schedule and resume shipments to the United States and global markets following an agreement between U.S. President Donald Trump and Russian President Vladimir Putin on Friday.
Russian Deputy Prime Minister Alexander Novak announced the move in comments to Russian state news agency TASS, adding that the country would continue to meet domestic diesel demand despite the resumption of exports.
"Russia, for its part, is also immediately beginning to lift restrictions on diesel exports ahead of schedule," Novak said. He added that Russia could increase diesel exports in November and December as maintenance work at its refineries wraps up.
Novak also welcomed Washington’s efforts to stabilize global energy markets and normalize energy trade, saying Moscow remained ready to coordinate with the United States to build a more predictable and stable energy market.
Russia had extended its ban on diesel exports by fuel producers through Oct. 31, 2026.
Trump announced the agreement with Putin after their talks, outlining plans for Russia to supply more than 300,000 tons of diesel fuel to the United States and global markets in the initial phase, followed by an additional 500,000 tons throughout November and then 1 million tons.
Putin also confirmed Russia’s willingness to supply oil and petroleum products to the United States and international markets, arguing that the shipments would have a positive impact on the global economy.
The U.S. Treasury Department said it would issue a temporary general license to allow Russian diesel to reach international markets.
The Treasury Department has authorized transactions involving Russian-origin diesel through April 7, 2027, including its sale, delivery, discharge from vessels and importation.
The Office of Foreign Assets Control, which operates under the Treasury Department, issued the general license allowing transactions that would otherwise be prohibited under relevant sanctions regulations.
The agreement comes as diesel markets face a severe supply squeeze driven by disruptions to energy infrastructure and trade routes in the Middle East and Russia. Reduced refinery output and depleted fuel inventories have pushed prices sharply higher, leaving major importing regions vulnerable to further supply shocks.
The International Energy Agency reported in September that diesel and gasoil prices in the United States exceeded $200 a barrel in early September, 94% above prewar levels, while Europe and Asia also faced steep increases.
The agency attributed the pressure to reduced exports from Gulf producers, disruptions to Russian refining and declining global oil inventories.
Against this backdrop, G7 countries agreed on Oct. 2, after discussions with Trump, to release 100 million barrels of oil and fuel products from emergency reserves over four months, prioritizing substantial diesel supplies during the first 20 days.
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