U.S. grants India-like waiver to other countries to buy Russian oil
The Hindu
U.S. eases sanctions on Russian oil, allowing sales through April amid efforts to stabilize rising oil prices.
Amid rising oil prices, the Trump administration has announced a temporary authorisation to other countries to purchase Russian oil currently stranded at sea, as there were no immediate signs of an early end to the U.S. war on Iran.
The U.S. had granted a similar waiver from sanctions to India to buy Russian oil as part of efforts to cool down oil prices that have been on the rise since the outbreak of war on February 28.
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“@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,” US Treasury Secretary Scott Bessent said in a post on X on Thursday (March 12, 2026).
On March 5, the U.S. had issued a 30-day waiver allowing India to buy Russian oil, having previously imposed heavy sanctions related to the war in Ukraine.
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