Tag: us sanctions on russian oil

U.S. extends waiver allowing countries to buy Russian oil

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U.S. extends waiver allowing countries to buy Russian oil

The extension comes ​two days after ‌Treasury Secretary Scott Bessent said Washington will not be renewing the waiver that allowed countries to purchase Russian oil without facing ‌U.S. sanctions. File. | Photo Credit: Reuters  U.S. President Donald Trump’s administration on Friday (April 17, 2026) ‌issued a waiver allowing countries to buy sanctioned ​Russian oil and…

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World

China, India seek new supplies as U.S. sanctions tighten grip on Russian oil

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China, India seek new supplies as U.S. sanctions tighten grip on Russian oil

FILE PHOTO: An aerial view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. Picture taken with a drone. REUTERS/Tatiana Meel/File Photo | Photo Credit: Reuters Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S….

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Business

Tougher U.S. sanctions to curb Russian oil supply to China and India, says analysts

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Tougher U.S. sanctions to curb Russian oil supply to China and India, says analysts

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. The U.S. Treasury on Friday (January 10, 2025) imposed sanctions on Russian oil producers Gazprom…

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