Novak says Russian diesel shipments to US need faster contracts
Russian oil firms are ready to ship, but commercial terms remain under discussion and the import license’s future is unresolved.
Key takeaways
- First deliveries could take two to three weeks after contracts are signed.
- Russian oil companies are ready, while commercial terms are still being negotiated.
Russian oil companies are ready to send diesel to the United States, but first deliveries could take two to three weeks after contracts are signed, Deputy Prime Minister Aleksandr Novak said.
Novak said the process includes signing contracts, loading the fuel, chartering a ship and delivering it to buyers. He said commercial terms are still under negotiation, and agreements need to be signed faster.
Other countries are also interested in Russian diesel, Novak said. He did not say whether US sales would be priced at market rates or at a discount, describing that as a subject for commercial negotiations.
Novak said there have been no discussions about extending the license for US imports of Russian diesel beyond April 2027. He said it was too early to discuss an extension.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
