Commodities / NEWS UPDATE
Trump's Reverse Nixon Strategy: Bring Russia In, Shut China Out
Published · 1 min read
On October 9, the US Treasury Department issued a six-month waiver allowing Russian diesel to be sold globally, aiming to lower fuel prices before the November 3 midterms.
This move aligns with a broader strategy to control global energy supplies, particularly by reducing China's access to Middle Eastern and Russian energy sources. The plan includes easing sanctions on Russian energy, potentially allowing US oil companies to return to Russia and invest in its Arctic regions. Moscow might be incentivized to join this effort by regaining access to the European market, though it would likely require concessions in the ongoing Ukraine conflict.