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US Lawmaker Moves to Block Trump Diesel Deal with Russia
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CNBC TV18•16-10-2026, 22:54
US Lawmaker Moves to Block Trump Diesel Deal with Russia
- •Representative Gregory W. Meeks introduced the bipartisan Prohibit Corrupt Russia Oil Deals Act to block Trump's reported diesel import deal with Vladimir Putin.
- •The proposed legislation aims to bar the US International Development Finance Corporation from investing in Russian energy projects.
- •The bill would revoke existing OFAC licences, prevent future ones, and mandate sanctions on Russian energy sectors.
- •Meeks argued that the arrangement would fund Putin's attacks on Ukraine without providing any cost relief to American consumers.
Key Questions Answered
Representative Gregory W. Meeks introduced the Prohibit Corrupt Russia Oil Deals Act to bar the US International Development Finance Corporation from investing in Russian energy projects and to revoke Treasury Department licences.
Meeks argued that the deal would enrich Vladimir Putin to continue attacks on Ukrainian civilians while failing to reduce energy costs for American consumers.
Then-president Joe Biden signed the Ending Importation of Russian Oil Act into law on April 8, 2022, banning imports of crude oil, petroleum products, LNG, and coal from Russia.
