Russian diesel: a signed license, an announced deal, and unanswered delivery questions
A concrete U.S. policy changed Friday afternoon. The Treasury Department’s Office of Foreign Assets Control issued General License 135, authorizing transactions related to the sale, delivery, offloading and importation of Russian-origin diesel that would otherwise be barred under specified sanctions regulations. Its expiry is 12:01 a.m. Eastern daylight time on April 7, 2027. The license expressly does not authorize debits to accounts of Russia’s central bank, National Wealth Fund or finance ministry at U.S. financial institutions. That signed text is narrower than a general end to Russia sanctions.
President Trump said after a call with Vladimir Putin that Russia would supply over 300,000 tons of diesel immediately, another 500,000 tons in November, and more later. AP reports the White House had not answered who would pay or when fuel would become available. Russia said it was ready to supply oil products; Ukraine’s president objected that relief could help finance the war. The White House argument is that additional diesel can ease prices for truckers, farmers and consumers. The competing concern is whether buying Russian fuel weakens pressure intended to limit war revenue. Neither political argument can establish the net price or war effect before shipments, payments and market data are documented. The action is the license; the supply schedule is an announced deal.
ConnorWithHonor.comConnor MacIvor · CALDRE01238257