U.S. Treasury Requests RFPI Help on Diesel Deal

Dmitriev reported on a request from the US Treasury Department to the Russian Investment Fund to assist with the 'diesel deal'.

Consensus

The U.S. Department of the Treasury asked the Russian Direct Investment Fund (RFPI) to assist in implementing the Russian-American diesel fuel deal.
RFPI will assist with payment processing and tactical aspects of the deal.
The assistance is being provided at the explicit request of the U.S. Treasury.
RFPI will ensure payments are efficient and reach their recipients.
A temporary license was issued by the U.S. Treasury allowing Russian diesel exports until April of the following year.
The deal was agreed upon during a phone call between Russian President Vladimir Putin and U.S. President Donald Trump on October 9.
Russian oil companies remain on the U.S. SDN List and are not directly mentioned in the license.
RFPI has been under U.S. sanctions since late February 2022.

Vice Prime Minister Alexander Novak stated that Russian oil companies are ready to begin diesel exports to the U.S. and other global markets, with actual exports pending commercial contract negotiations expected to take two to three weeks, and that Russia could reach 3–3.5 million tons of diesel exports by the end of 2026. — vedomosti