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Defense Industry: News - Page 53

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Trump's diesel deal means little for the global economy but promises political gain for the Kremlin

When U.S. President Donald Trump announced Oct. 9 that Washington had agreed to buy millions of tons of Russian fuel, he pledged that the deal would mean lower gas prices for ordinary Americans. "Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter," Trump wrote on Truth Social. "Between our TOTAL CONTROL of the Strait of Hormuz, and this great announc

About Defense Industry

Ukraine's defense industry produces weapons systems, ammunition, and military equipment for Ukrainian forces and potential export markets. Domestic production expanded significantly since Russia's full-scale invasion began in February 2022, with especially drone production.

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The U.K. has sanctioned Alexander Tattersall, a Dutch national, and Redwing Metal, the Turkish company he co-owns, nearly four months after a Kyiv Independent investigation revealed the firm had funneled EU-made industrial machinery to Russian metallurgical plants that supply the country's missile and fighter jet manufacturers. Tattersall and Redwing Metal were blacklisted as part of a package of 38 designations announced by the U.K. Foreign, Commonwealth and Development Office (FCDO) on Oct. 8

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