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(The Cipher Brief) On the evening of Friday, October 9, the Treasury published General License 135. It authorizes the “sale, delivery, offloading and importation” of Russian diesel until April 7, 2027, and does not specify a buyer, a seller, or a quantity. The President provided the quantities after a call with President Putin: more than 300,000 tons “immediately,” 500,000 in November, and millions more if Russia’s refineries allow. The first shipment amounts to less than a day of American consumption. The shipment comes from a country that barred its own diesel exports in July and, in the last quarter, imported the fuel for the first time. AAA put the national average for diesel that day at $6.28 a gallon.
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