US will not extend Russian oil sanctions waiver - Bessent
Kyiv • UNN
Finance Minister Scott Bessent announced the cancellation of sanctions exemptions. The restrictions will apply to oil that was in the water before March 11.
US Treasury Secretary Scott Bessent said that the US will not extend the lifting of sanctions on Russian oil, UNN reports with reference to The Guardian.
Details
Bessent says the US government will not extend general licenses for Russian and Iranian oil.
These exceptions, which allowed the purchase of some Iranian and Russian oil without US sanctions, applied to "oil that was in the water before March 11, that is, all used oil," he adds.
US reinstates sanctions against Russian oil - media15.04.26, 01:41 • 4456 views
Recall
A group of US senators appealed to the Treasury Department with a call not to extend the exceptions to sanctions that allow certain transactions with Russian oil. This refers to the validity of the license, which expires in the near future. According to the authors of the appeal, this allows Russia to receive additional income from oil exports amid the war against Ukraine.