US lifts sanctions on sale of Russian diesel in global markets

WASHINGTON: (Oct 9) The US on Friday lifted sanctions on the sale of Russian diesel till April 7 next year.

The announcement by the US Department of Treasury came minutes after US President Donald Trump spoke with Russian President Vladimir Putin and struck a deal to supply diesel to the American and global markets.

“…all transactions prohibited by the Russian Harmful Foreign Activities Sanctions Regulations … that are related to the sale, delivery, offloading, or importation, including importation into the United States, of diesel fuel of Russian Federation origin are authorised through 12:01 am eastern daylight time, April 7, 2027,” the Treasury Department said.