US EditionU.S. allows temporary purchases of Russian oil already at sea to stabilize energy markets
- On March 12, the U.S. Treasury's Office of Foreign Assets Control issued a 30-day licence authorising sale and delivery of Russian-origin crude oil loaded on vessels through April 11.
- Amid U.S.-Israeli strikes on Iran that disrupted the Strait of Hormuz, the International Energy Agency agreed to release 400 million barrels and the U.S. 172 million barrels to steady markets.
- Bessent described the measure as 'This narrowly tailored, short-term measure', noting it covers docking, crewing, insurance and vessel services while Brent crude fell 0.38% to $100.10, WTI dropped 0.58% to $95.17, and bitcoin jumped to just below $72,000.
- Opponents, including Sen. Jeanne Shaheen, argued the move could enrich Vladimir Putin and weaken sanctions, criticizing the White House's decision ahead of the November midterm elections.
- Previously, the U.S. issued a March 5 waiver allowing India to buy Russian oil, and Kirill Dmitriev met U.S. envoys in Florida as CREA found Moscow gained 6 billion euros.
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376 Articles
Europeans Rip US Move Easing Russian Oil Sanctions
European leaders have delivered a sharp rebuke to the Trump administration over its move to loosen the grip on Russian oil in an attempt to slow the rapid rise in energy prices. German Chancellor Friedrich Merz said Friday that the US decision to temporarily relax sanctions and let stranded Russian...
Sanctions On Russian Oil "Stranded At Sea" Temporarily Lifted * 100PercentFedUp.com * by Danielle
The United States has temporarily lifted sanctions on Russian oil “currently stranded at sea,” Treasury Secretary Scott Bessent said. “@POTUS is taking decisive steps to promote stability in global energy markets and working to keep prices low as we address the threat and instability posed by the terrorist Iranian regime,” Bessent said. “To increase the global reach of existing supply, @USTreasury is providing a temporary authorization to permit…
Donald Trump temporarily allows the purchase of Russian oil. Thus, the US President plays Russia directly into his hands, says n-tv Washington correspondent Peter Kleim.Donald Trump temporarily allows the purchase of Russian oil. Thus, the US President plays Russia directly into his hands, says n-tv Washington correspondent Peter Kleim.
Zelensky says U.S. 30-day waiver on Russian oil sanctions is 'not the right decision'
The U.S. Treasury Department announced Thursday a 30-day waiver on Russian oil sanctions. The step aims to free up Russian cargoes stranded at sea and ease supply shortages caused by the Iran war.
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