Tuesday, 02 January 2024 12:17 GMT

Russia US Diesel Agreement Boosts Global Energy Security, Lavrov Says


Date:

(MENAFN) Russian Foreign Minister Sergey Lavrov said Tuesday that an agreement between Moscow and Washington to relax restrictions on Russian diesel exports has made a significant contribution to international energy security.

In an article published in a Russian newspaper, Lavrov said Russia does not use economic partnerships to “settle geopolitical scores” or weaken competitors, unlike what he described as the approach of its adversaries. He also noted that Moscow had supplied Europe with energy resources worth $320 billion.

“An important contribution to energy security was the agreement reached between the leaders of Russia and the United States to suspend restrictions on the export of Russian diesel fuel,” Lavrov said.

He stated that the deal had already entered its implementation phase, leading to an immediate decline in prices. He also affirmed that Russia would continue its efforts to stabilize international energy markets, protect energy security and promote balanced, sustainable development.

Last month, US President Donald Trump announced an agreement on diesel supplies following a telephone conversation with Russian President Vladimir Putin. Under the arrangement, Moscow committed to “immediately supply” more than 300,000 tons of diesel to the US and international markets.

Trump said Russia would provide an additional 500,000 tons in November, followed by 1 million tons "immediately thereafter."

He added that a further 3 million tons would be delivered "within a short period," subject to the operational condition of Russian diesel refineries.

Putin said the shipments would support the global economy. However, Ukrainian President Volodymyr Zelenskyy criticized the arrangement, warning that relaxing restrictions on Russian diesel exports could provide Moscow with additional funding for its war.

Lavrov stressed that maintaining a stable international energy system was crucial for long-term economic expansion and technological progress. He accused Western sanctions and the seizure of tankers owned by foreign entities of causing disruptions in fuel markets.

He further alleged that Ukraine was continuing attacks on critical infrastructure in Russia and other locations, claiming the strikes had “gone unheeded” despite Trump's appeals for them to stop.

The Russian foreign minister also identified the closure of the Strait of Hormuz as another significant source of instability that had dealt a serious blow to the energy sector.

“The claims by NATO, the EU, and their member states to dictate terms in various maritime areas are entirely unacceptable,” he said.

Addressing food security, Lavrov called it another fundamental component of global stability, arguing that sanctions and other restrictions had contributed to hunger affecting more than 600 million people around the world.

He also accused Western nations of opposing the development of a multipolar international system.

“In keeping with a colonial paradigm that has by no means disappeared, there are attempts to deny the growing centers of development in the Global South and East the right to participate in global governance in a manner commensurate with their actual weight in world affairs,” he added.

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