Russian companies could export 500,000 tons of fuel as early as October: Novak

Russian companies could export 500,000 tons of fuel as early as October: Novak

Russia has dispatched three tankers carrying diesel fuel to North America, Russian Deputy Prime Minister Alexander Novak said.

"The first three tankers carrying fuel are already on their way ... with substantial support from the Russian Direct Investment Fund," Novak was quoted by TASS news agency as saying.

Earlier, Novak said Russia had begun lifting its ban on diesel exports ahead of schedule and was ready to supply 300,000 tons of diesel in October, 500,000 tons in November and 1 million tons in December, adding that the monthly volume could eventually reach 3 million tons.

On Oct. 9, Russian President Vladimir Putin and U.S. President Donald Trump reached an agreement on supplying Russian diesel to the U.S. and global markets.

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