Washington, April 18 -- The US Treasury Department on Friday issued a temporary waiver allowing the delivery and sale of Russian crude oil and petroleum products already loaded onto vessels as of April 17, in a move aimed at easing global energy pressures.
The waiver, valid through May 16, ensures that oil currently at sea can reach international buyers while maintaining keeping the overall sanctions pressure on Russia intact.
"As negotiations accelerate, Treasury wants to ensure oil is available to those who need it," a Treasury spokesperson said, emphasizing the measure is driven by market stabilization rather than a shift in broader sanctions policy.
The decision comes just days after Treasury Secretary Scott Bessent indicated the adm...