US Govt To Issue 30-Day License Allowing Vulnerable Nations Access To Stranded Russian Oil Shipments

A temporary U.S. sanctions waiver allowing for the sale and delivery of Russian seaborne crude expired this weekend, marking the second time Washington has let the relief measure lapse without clarity on a renewal.

The move was announced during a meeting of G7 finance ministers, surprising America’s European allies.

The US Department of the Treasury has extended a temporary licence that allows certain countries to purchase Russian oil already at sea for another month.

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