20-April-2026
Economy News
 
US extends waiver on Russian oil sales till May 16
20-Apr-2026

The United States has extended a sanctions waiver on Russian oil sales until May 16, allowing the purchase and transport of crude already loaded on vessels, in a move that offers temporary relief to global buyers amid tight energy supplies. The US Treasury Department issued a fresh licence on Friday permitting transactions involving Russian-origin crude and petroleum products loaded onto ships as of April 17. The waiver replaces an earlier relief window that expired on April 11.

News Source:- https://www.financialexpress.com/policy/economy/us-extends-waiver-on-russian-oil-sales-till-may-16/4211676/