AI-generated illustration

Russian President Vladimir Putin said Moscow is prepared to supply oil and petroleum products to the United States and global markets, according to a Kremlin statement published under his signature. The remarks followed a phone call with US President Donald Trump in which the two leaders reviewed developments in global energy markets and discussed the war in Ukraine, Iran, and bilateral relations.

Putin said he believed the supplies would benefit the global economy as a whole, and that the two sides agreed to maintain direct contacts along with cooperation between their administrations, intelligence services and other agencies. Earlier, Trump announced an arrangement for Russian diesel deliveries to the US and global markets, and the US Treasury said it would issue a temporary general license to allow Russian diesel to reach world markets.

Deputy Prime Minister Aleksandr Novak told TASS that Russia would begin lifting diesel export restrictions earlier than planned, while stressing that domestic demand would be fully met. Kremlin foreign policy adviser Yuri Ushakov said the roughly 90-minute call also touched on a possible in-person meeting, though none was scheduled, and that the leaders might visit China around the same time.

Key Takeaways

• Putin confirmed Russia's readiness to supply oil and petroleum products to the US and world markets after a call with Trump
• US Treasury plans a temporary general license to allow Russian diesel onto global markets; Russia is easing export limits early
• Leaders discussed Ukraine, Iran and bilateral ties, and left open the possibility of meeting during a visit to China