MOSCOW (Realist English). Russian Finance Minister Anton Siluanov has called the deal on diesel fuel supplies to the United States and the global market beneficial for Russia. According to him, the budget will not receive direct revenue from export duties, but funds will come through taxes on the financial results of exporting companies.
What Siluanov said
“Obviously, we have no export duties on diesel, but this will be taken into account in the financial results of companies, which will accordingly pay taxes into the budget system,” the Finance Minister said.
He also pointed to additional revenue for companies and the payment business: “The deal is, of course, beneficial, because our companies will get the opportunity to export diesel and receive additional revenue and foreign currency for it, which is also important for our balance of payments.”
Deal parameters
The agreement was reached during a phone call between Presidents Vladimir Putin and Donald Trump on October 9. According to the US Treasury, License No. 135 authorizes transactions with Russian diesel until April 7, 2027, including sale, delivery, unloading, and import.
Supply volumes: 300,000 tonnes in October, 500,000 in November, and another 1 million tonnes by the end of the year. Going forward, Russia is ready to supply up to 3 million tonnes per month, depending on the condition of its oil refineries.
Russia had restricted diesel exports since July 2026 to stabilize the domestic market after attacks on refineries. The deal allowed these restrictions to be partially lifted.
For the United States, the agreement became a way to reduce record diesel prices — by October 10, the average retail price had reached $6.28 per gallon, which is 71% higher than a year earlier. High fuel prices had damaged Republican ratings ahead of the Congressional elections.
Kremlin position
Presidential Press Secretary Dmitry Peskov called the deal “a very mutually beneficial article of Russian-American cooperation” and saw no direct link to the position on Ukraine.
For the Russian budget, the benefit from the deal is indirect: there are no direct duties, but taxes on exporters’ profits will flow into the treasury. The real effect depends on how stably the refineries operate and whether Russia can increase supplies.
For now, the deal involves 1.8 million tonnes by the end of the year — only about 2% of annual production, which is unlikely to fundamentally change budget indicators. For oil companies that lost three months of exports, this is an opportunity to restore revenue and foreign currency inflows.
