Trump Renews Waiver Allowing Countries To Buy Sanctioned Russian Oil
Washington DC, United States: The US administration has renewed a waiver to allow several countries including India to buy sanctioned Russian oil at sea for about a month. The waiver comes despite many lawmakers accuses the US government of taking soft stand on Moscow as its war on Ukraine continues.
The Treasury Department’s waiver lets countries purchase Russian oil and petroleum products loaded on vessels as of Friday through May 16. It replaces a 30-day waiver that expired on April 11.
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The move, the administration claim, is part of its efforts to control global energy prices that have shot higher after the US-Israeli war on Iran. The war resulted in the global oil supply disruptions, affecting several Asian countries, requiring alternative energy sources.
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