Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
National

US quietly allows waiver on Russian oil to expire

WASHINGTON, - The U.S. Treasury on Wednesday did not publish an extension of ​its waiver of sanctions on ​Russian seaborne oil that ran out at midnight, but President Donald ​Trump and administration officials did not say whether that meant the measures would be re-imposed.

During the war on Iran, Trump's administration waived U.S. sanctions on the Russian oil to help vulnerable economies deal with the ‌energy crisis. That ⁠could ⁠change after Washington and Tehran reached a memorandum of understanding to end the war that would allow oil ​from the Middle East to reach global markets.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.