European Commissioner for Economy Valdis Dombrovskis has ruled out that recent US-announced Russian diesel sales will affect fuel prices, which have risen since the outbreak of the US-Israeli-Iranian war.
Agence France-Presse reported on Tuesday that Dombrovskis, speaking on the sidelines of the annual meetings of the International Monetary Fund and the World Bank in Bangkok, stated that the volume of Russian diesel exports is not significant at the macroeconomic level.
He pointed to doubts regarding Russia's ability to supply the announced quantities and whether they comply with US quality standards.
For his part, Dombrovskis clarified that the European Union will engage with international partners during the week of the meetings to increase financial support for Ukraine.
The European Commissioner addressed several economic issues, including rising yields on European sovereign bonds, concerns about worsening inflation due to rising energy prices, and the recent trade agreement with China regarding the export of hybrid cars to the European Union.
The European Commission is scheduled to publish its autumn economic forecasts in the coming weeks, and Dombrovskis anticipated a revision of the 2027 inflation forecasts in light of the US-Israeli-Iranian war and the widening scope of fighting in the region.
He warned that the inflation shock resulting from the conflict in the Middle East could last longer.
US President Donald Trump had announced on October 9 that he had agreed with Russian President Vladimir Putin to increase diesel supplies to the US and global markets, considering that this would help lower prices.
Source: Syrian Arab News Agency (SANA)
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