US President Donald Trump said Friday that Russia had agreed to immediately supply more than 300,000 tonnes of diesel to US and global markets in an effort to cut fuel prices before November’s midterm elections. The move marks a stunning change of policy after the US and its allies hit Russia with waves of sanctions over its invasion of Ukraine.

Archived version: https://archive.is/newest/https://www.france24.com/en/europe/20261009-trump-strikes-diesel-deal-with-putin-reversing-years-of-pressure-on-russia-over-ukraine-war


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  • Tabula_stercore@lemmy.world
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    2 days ago

    What does the G7 have that the US needs?

    Organisations that buy dollar bonds. Sanction that and the usa will crumble.

    • Hanrahan@slrpnk.net
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      2 days ago

      Organisations that buy dollar bonds.

      They’re irrelevant, the Central Bank just buys a bond from Treasury, coupon rate of 0% i.e QE. Japan been doing it with the Yen for decades for example.

      Sanction that and the usa will crumble.

      zero consequence.

    • emergencyfood@sh.itjust.works
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      2 days ago

      Selling off the bonds alone will have limited effect, as the other commenter said. Selling off the dollars could have a bigger effect, but you’ll need to use gold or something like that for international payments.