Trump has said the deal to lift sanctions on Russian oil exports would help bring down high fuel prices. However some analysts doubted the amount of diesel Trump has said Russia would provide over the next three months would do much to bring down prices, since it is equal to about 12 hours of global consumption of the fuel.
On Friday, Trump said Russia had agreed to supply diesel to global markets, and his administration temporarily lifted US sanctions on Russian fuel designed to deprive Moscow of revenue for its war on Ukraine. On Monday, Trump said the deal would help American farmers and ranchers.
The price of diesel has surged more than 60 percent since Trump launched a war against Iran seven months ago, and high prices have jeopardised Republican chances to maintain thin majorities in the US Congress in the November 3 midterm elections.
On Sunday a group of Republican and Democratic US senators called on Trump to “reverse course” on the diesel supply deal with Russia. They said his deal may violate a 2022 law designed to support Ukraine.
“We should be tightening sanctions further, not undercutting them by allowing the import of Russian diesel and risking erasing our leverage, damaging our credibility with allies, and emboldening our adversaries,” said Republican Senator Jerry Moran in a social media post.
Trump has blamed Ukraine’s attacks on Russian oil refineries as a leading factor for higher diesel prices.
“I made the right choice for the American People – ALWAYS, AMERICA FIRST! President DONALD J. TRUMP,” Trump said in a social media post.
On Monday, Trump rejected criticism of the deal from members of his own party, in comments to reporters as he departed the White House on a trip to Ohio.
“Well, I think these are Republicans that can’t really be serious,” he said. “We can do a restriction on oil, but the rest of the world would be greatly, greatly affected if we do that.”
Trump and Ukrainian President Volodymyr Zelensky bickered over the weekend about the Ukrainian attacks on Russian refineries. Trump said Ukraine needs a new president and Zelensky promised to hold elections if Russia would agree to a 60-day ceasefire.
Trump on Sunday declared that Russia and Ukraine agreed to halt attacks on each other’s energy infrastructure. Whether such a deal will hold was unclear.
“Well, they agreed,” Trump told reporters. “They agreed because I said they agreed… That war has to be over with.”
Kremlin spokesman Dmitry Peskov said contacts were proceeding about a possible energy ceasefire as announced by Trump. He declined to comment on whether the ceasefire would apply only to oil refineries.
Ukrainian President Volodymyr Zelensky said Kyiv favoured a ceasefire, but both sides had to observe it.
He said it was “increasingly clear” that Russia was unwilling to accept it as Moscow hit six Ukrainian energy facilities on Monday
Zelensky told Fox News’ “America’s Newsroom”program on Monday that Ukraine’s attacks on Russian refineries were not the leading cause of rising fuel prices.
“Everybody understands that the prices on diesel – it doesn’t depend on our attacks on diesel in Russia. Everybody understands that it depends on the blocking… the Strait of Hormuz,” he said. (Reuters)
