I don’t believe the volume of diesel Russia will export will affect the price. Moreover, we see that they can export from 300,000 to 500,000 tons a month today. Meanwhile, global consumption stands at 120 million tons a month. What kind of impact can that have? I don’t think it would have any. If some people think otherwise, so be it.
So I believe there are entirely different reasons behind these actions. If this is the approach, then why isn’t America making a “diesel deal” with Ukraine? Let Ukraine propose a “diesel deal.” We do have influence over whether these ships can sail or not, whether these refineries can operate or not. If that’s the case, then let’s do it.
Electricity is what matters to us. That’s clear. If we can be guaranteed protection for our power system, then we will not strike Russia’s diesel infrastructure in response. Electricity is first and foremost about helping people – keeping their lights on. It also means helping Europe. Everyone knows that we are connected to the European power grid. And if our energy infrastructure is not being destroyed, we can help some countries that are facing shortages by supplying them with cheaper electricity.
So, yes, let’s sign a corresponding “diesel deal” with the President of the United States.
From remarks at the Warsaw Security Forum. (1)
The agreement, which the US president said would lower fuel prices, has angered members of his own party, who joined with Democrats in claiming that it was a ‘financial lifeline’ to a murderous regime and a violation of US law. https://t.co/1zeX82j6aZ