The US Treasury responded harshly to Europe against criticism of the diesel deal with Russia
Quick Look
- US Treasury Secretary Scott Bessent said that criticism of European countries over the deal between the US and Russia on the supply of diesel fuel is hypocrisy, since Europe continues to buy Russian energy resources, providing Moscow with more funds than Ukraine.
- He noted that Trump and Putin agreed to supply 300 thousand tons of diesel in October, 500 thousand in November and a million tons thereafter.
AI-generated summary
Why It Matters
The United States and Russia are discussing the supply of diesel fuel to world markets after a telephone conversation between Trump and Putin on October 9. Europe criticizes the deal, despite its own dependence on Russian energy resources.
Criticism of the US deal with Russia to supply diesel fuel to the American and world markets is hypocrisy on the part of Europe. US Treasury Secretary Scott Bessent stated this, Reuters reports.
“The Europeans have given Russia more money than Ukraine because they can’t give up Russian energy resources (...) so their claim that we can’t get a break from [high] diesel prices is complete hypocrisy,” the finance chief said.
On October 9, US President Donald Trump telephoned Russian leader Vladimir Putin. According to the owner of the White House, he reached an agreement with Putin on the supply of 300 thousand tons of diesel fuel to the world and American markets in October, 500 thousand in November and a million in the future.
What to Watch
AI outlook — possibilities, not facts
Supplies of diesel fuel from Russia to the United States and world markets will be increased in accordance with the agreement between Trump and Putin.
Likely · Within months
Open Questions
- Exactly what volumes of diesel fuel will be supplied after November?
- How does Europe plan to reduce its dependence on Russian energy?
- Will this transaction be officially documented?
