Russia: Releasing 3.5 million tons of diesel per month to the market following the agreement with the US - Why prices are not falling

Russia will supply 3.5 million tons of diesel to the global market monthly following an agreement with the United States, as stated by Deputy Prime Minister Alexander Novak. While this volume aligns with typical export levels, energy prices continue to rise, with oil exceeding 93 dollars per barrel. Novak also highlighted that Russia has exported energy resources worth 320.7 billion dollars to the European Union since 2022, suggesting that sanctions have had limited impact on Moscow's export capabilities.