US extends Russian oil sanctions waiver, easing pressure on global markets
US extends Russian oil sanctions waiver, easing pressure on global markets
- The US Treasury Department extended its waiver allowing India to import Russian oil until May 16, 2026, stabilizing India’s energy supply.
- Critics argue this waiver complicates existing sanctions against Russia, enabling Moscow to recover billions in oil revenue.
- The decision highlights the delicate balance between enforcing sanctions and mitigating global energy price surges that could affect allied nations.
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