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Analysis Trump’s Russian diesel deal may leave South Korea’s refining boom intactDamaged Russian refineries and tight Asian fuel supplies may keep Korean export margins high despite Trump’s pledge President Donald Trump’s deal with Vladimir Putin to release Russian diesel onto world markets may have a limited impact on South Korean refiners, as the real limits on Russian supply sit in Moscow and in Russia’s damaged refineries. After a call with Putin on Friday, Trump said Russia would immediately supply more than 300,000 metric tons of diesel. This would be followed by 500,000 tons in November, 1 million tons after that and, depending on the condition of its refineries, a further 3 million tons. The U.S. Treasury the same day issued General License 135, which authorizes the sale, © Korea Risk Group. All rights reserved. |





