US grants waiver to allow India to buy Russian oil amid Iran war
Source: The Guardian
The US treasury issued a 30-day waiver on Thursday allowing India to buy Russian oil currently stuck at sea.
“To enable oil to keep flowing into the global market, the treasury department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” treasury secretary Scott Bessent said in a statement posted to social media.
“This deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorizes transactions involving oil already stranded at sea,” he continued.
He called it a stopgap measure, as Washington expects India to eventually buy more US oil.
Read more: https://www.theguardian.com/us-news/2026/mar/05/us-waiver-india-russian-oil
War in Iran - good for Putin, good for Netanyahu, good for Trump and Hegseth's dreams of killing.
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