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US aims to soften Russia through Russian diesel export deal

The proposed agreement would allow Russia to deliver more than 2.25 million barrels of diesel to US and global markets.

Reported · Written up by our desk · Central Banks

US special envoy Jared Kushner said the proposed deal to allow Russian diesel exports is intended to help restart negotiations, after earlier efforts to launch sustained talks to end the war failed, according to Reuters, as cited by FXStreet.

FXStreet reports the US view is that the diesel arrangement could “soften” Moscow’s position by signaling that President Trump is open to working with Russia, and the plan would involve Russia delivering over 2.25 million barrels of diesel to the US and global markets.

Some US lawmakers have criticized the deal, arguing it could provide Russia cash to continue the war without requiring Vladimir Putin to make concessions to end the conflict.

FXStreet also notes that Trump defended the agreement as “the right choice for the American people,” while WTI was up 1.6% on the day at $92.45.

Latest closeWTI crude $91.10 ▲3.2%

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