Russia will dispatch its first tanker with diesel for the United States on Thursday, Deputy Prime Minister Alexander Novak said, according to the Vedomosti news outlet, after a deal with Donald Trump.
Russia lifted its self-imposed ban on diesel exports on October 9, introduced to tackle domestic shortages triggered by Ukrainian drone attacks on refineries, after reaching the deal with Trump to supply diesel to global markets.
Novak said on Wednesday the vessel will carry 40,000 metric tons of the fuel, adding that the paperwork on the fuel supply is nearing its completion, according to media reports. He did not name the port from which the cargo will be delivered.
The USD is pegged to Oils spot price and and the Saudi Riyad is pinned to the USD. All countries have to buy US dollars to purchase and settle oil transactions. The global economy is petrodollars and has been since the 70s.