Bangladesh seeks US approval to import Russian fuel oil
Dhaka requests temporary exemption
Bangladesh has asked the United States for permission to import fuel oil from Russia, similar to the temporary flexibility granted to India. Officials say the request aims to ease pressure on Bangladesh’s economy during ongoing instability in global energy markets.
Amir Khasru Mahmud Chowdhury discussed the matter on Wednesday with Brent Christensen during a meeting at the Planning Ministry in Sher-e-Bangla Nagar in Dhaka.
After the meeting, Chowdhury told journalists that such an exemption would help Bangladesh manage rising fuel costs and maintain energy supplies during the current global crisis.
Energy supply concerns drive request
The minister explained that both sides discussed uncertainties in global oil and gas markets. In particular, they focused on disruptions to international energy supply chains.
According to Chowdhury, US officials agreed to convey Bangladesh’s request to authorities in Washington for further review.
Meanwhile, the two sides also explored opportunities to expand cooperation in trade, investment, and economic development.
Middle East conflict disrupts global energy market
Global energy markets have faced growing volatility since tensions escalated in the Middle East. The crisis intensified after the United States and Israel launched a joint strike against Iran on Feb. 28, followed by retaliatory actions from Tehran.
As a result, shipping through the Strait of Hormuz has been disrupted. Because this route handles a large share of global oil transport, the disruption has affected fuel supplies from Persian Gulf countries and pushed energy prices higher.
Sanctions continue to affect oil trade
Sanctions imposed by the United States on Russia after the outbreak of the Russia Ukraine War continue to influence global oil trade.
Despite these restrictions, Washington recently allowed India temporary flexibility to purchase Russian oil shipments that had been stranded at sea.
Bangladesh hopes to receive a similar concession so it can stabilize domestic fuel supplies and reduce economic pressure.
Government prepares contingency plans
During the meeting, officials also discussed strengthening institutional capacity within Bangladesh’s government agencies.
Chowdhury added that the government is developing contingency plans to manage possible outcomes if the Middle East conflict continues in the short, medium, or long term.
When asked about a possible bilateral trade agreement with the United States, he said the government has not made a final decision. Instead, officials are evaluating how such an agreement could best protect Bangladesh’s national interests.
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PRESS UPDATE