multi source·4h ago·5 sources analyzed
U.S. extends waiver on Russian oil sanctions for 30 days
The U.S. has renewed a waiver allowing the purchase of Russian oil. This decision follows a recent indication from the Treasury Secretary that the waiver would not be extended. (sources: fortune, france24, dw, thehill, reuters)
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ModernAction Briefing
The U.S. has issued a one-month waiver on sanctions for Russian oil deliveries loaded on tankers. This extension comes shortly after the Treasury Secretary stated that there were no plans to renew the measure.
- The waiver allows for the purchase of Russian oil loaded on tankers as of Friday.
- The extension is valid for 30 days.
- The decision was made by the Trump administration.
Why it matters
The waiver aims to address oil shortages amid ongoing conflicts, particularly related to the situation in Iran.
No specific legislation identified for action yet.
Top coverage · 5 sources
fortuneU.S. extends waiver on Russian oil sanctions to ease Iran war shortages, just days after Treasury Secretary Scott Bessent ruled it outfrance24US extends sanctions waiver on Russian oil sales at seadwUS extends waiver allowing purchase of Russian oilthehillTrump administration reverses course, extends Russian oil sanctions waiver