Russian Foreign Minister Hails US Diesel Deal as Prices Begin to Fall

• Since 2022, Russia has supplied Europe with energy resources worth $320 billion, underscoring its non‑political stance on economic negotiations.
• An agreement between Russia and the United States lifted restrictions on diesel exports, and its implementation has already helped reduce prices.

Updated 3 minutes ago

November 10, 2026 – 06:26

Russian Foreign Minister Sergei Lavrov reported in a column for Kommersant published on Tuesday that the agreement permitting Russian diesel exports to the United States and global markets is functional and contributes to lower prices.

Lavrov emphasized that Russia aims to differentiate itself from the West by refraining from leveraging its economy to extract political concessions from adversarial or competing nations.

Since 2022, Russia has supplied Europe with energy resources valued at $320 billion, a statement Lavrov made in the Kommersant article.

The partnership between Russia and the United States that lifted restrictions on diesel export has already commenced, resulting in an immediate reduction in prices.

In October, President Donald Trump unveiled a surprise agreement under which Russia pledged to ship 300,000 metric tons (approximately 2.25 million barrels) of diesel to the United States and other global markets, with an additional 500,000 tons to follow in November and another 1 million tons to be delivered promptly after the launch, all intended to lower fuel prices ahead of the U.S. midterm elections.

The U.S. administration temporarily eased sanctions on Russian fuel that had been imposed to diminish Moscow’s revenue from its conflict in Ukraine.

In a statement to Kommersant, Lavrov affirmed that Russia is actively working to stabilize global energy markets by promoting balanced and sustainable development for nations and regional economies.

No specific diesel price figures were provided, though U.S. futures prices have dropped roughly 11 percent since the agreement was announced. Conversely, pump prices reached a record high last week, according to GasBuddy.

Lavrov also noted that Ukraine is disregarding President Donald Trump’s calls to halt strikes on Russian energy infrastructure, a stance echoed by Ukrainian President Volodymyr Zelensky, who reported that Kyiv’s forces were continuing their assaults.

Russian media reported that fuel shortages have reappeared in at least half a dozen regions following Ukrainian strikes on at least eight major refineries over the past two weeks.

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