US Renews Waiver for Russian Oil Purchases Amid Global Pressure
The United States has renewed a sanctions waiver allowing the purchase and shipment of Russian oil, reportedly due to pressure from countries facing price shocks from the Iran war. This move temporarily eases restrictions on Russian energy exports.
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Read full article →US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks
The Treasury Department's waiver lets countries purchase Russian oil and petroleum products loaded on vessels as of Friday through May 16.
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The Trump administration on Saturday renewed a waiver allowing countries to buy sanctioned Russian oil at sea for about a month, even as lawmakers accused the government of going easy on Moscow as its war on Ukraine grinds on. The United States Treasury Department’s waiver lets countries purchase Russian oil and petroleum products loaded on vessels as of Friday through May 16. It replaces a 30-day waiver that expired on April 11 and excludes transactions involving Iran, Cuba and North Korea. ...
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Waiver extension highlights US struggle to curb Russia while managing global oil supply
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U.S. President Donald Trump’s administration on Friday renewed for another month waiver allowing countries to buy sanctioned Russian oil at sea, even as lawmakers accused the gove...
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