Rubio Says U.S. Wants to End Russian Oil Waivers “As Soon as Possible”
Rubio said the move would depend on market conditions as Washington weighs ending temporary permits for Russian crude already at sea.
- State Marco Rubio announced in Senate hearings that Washington aims to end temporary Russian oil sanctions exemptions "as soon as possible," balancing sanctions policy with global economic stability.
- Washington issued the temporary permits to alleviate global fuel shortages caused by the war in Iran and the closure of the Strait of Hormuz.
- The Treasury Department previously granted 30-day licenses for Russian oil purchases at sea; a separate exemption facilitated by President Donald Trump expired on May 16.
- India and Indonesia have requested extensions for the sanctions suspension, while Treasury Secretary Scott Bessent characterized the exemptions as a measure to stabilize global energy markets.
- Democratic Party member Jean Shaheen questioned the advisability of extending these deadlines during committee hearings, with Rubio noting that repeal depends on current market conditions.
16 Articles
16 Articles
Rubio Says U.S. Wants to End Russian Oil Waivers “As Soon as Possible”
The Trump Administration would like to end the sanction waivers allowing sales of Russian oil as soon as possible, although the decision rests with the U.S. Department of the Treasury, Secretary of State Marco Rubio said in a testimony before the Senate Foreign Policy Committee. Since the war in Iran began, the U.S. Administration has extended three times an initial one-month waiver de-sanctioning Russian oil already loaded on tankers. The one-m…
"Would like to end it as soon as we possibly can": Rubio on US extending waiver on Russian oil
Addressing the Senate Foreign Relations Committee, Rubio said the continuation of waivers depends on prevailing circumstances in global energy trade and broader US policy considerations.
"As Soon As We Possibly Can": Rubio On Ending Russian Oil Sanction Waivers
Testifying before the Senate Foreign Policy Committee, US Secretary of State Marco Rubio said that the ultimate decision regarding the Russian waiver would be made by the Department of Treasury.
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