Trump Russia diesel deal faces new GOP opposition
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Trump Russia diesel deal faces new GOP opposition

CNBC • • general

Key Points:

  • Twelve senators, including six Republicans and six Democrats, have jointly urged President Trump to cancel the deal allowing Russia to export 4.8 million metric tons of diesel fuel through mid-April, calling it a "gift to our adversary" and a betrayal of U.S. allies.
  • The GOP senators signing the letter include Thom Tillis, Susan Collins, Alan Armstrong, Lisa Murkowski, Mitch McConnell, and John Cornyn, many of whom have previously expressed concerns about the arrangement.
  • The senators argue the deal will have negligible impact on lowering U.S. fuel prices but will provide financial support to Russia, potentially funding its ongoing war efforts and security cooperation with countries like China, Iran, and North Korea.
  • The White House has not yet responded to the senators' letter, and the deal has drawn criticism from Ukrainian President Volodymyr Zelenskyy, while Trump defended the agreement as a way to reduce record-high diesel prices.
  • Analysts and the senators agree that the Russian diesel supply will not significantly affect global fuel prices, undermining the administration's claim that the deal benefits American consumers.

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