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The Economic Times
The Economic Times
National

US extends sanctions waiver on Russian oil for 30 days, Bessent says

The US Treasury Secretary Scott Bessent on Monday accounced that the Washington was extending its sanctions waiver for Russian oil cargoes already at sea by 30 days, as global energy prices continue to surge due to the Iran war.

Bessent announced that the "temporary 30-day general license" will "provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea."

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