Tag: us sanctions on russian oil

U.S. Treasury to extend sanction waiver on Russian seaborne oil, source says

May 18, 2026 admin

U.S. Treasury Secretary Scott Bessent poses for a photo ahead of a G7 Finance Ministers and central bank governors meeting in Paris, France, May 18, 2026. | Photo Credit: Reuters The U.S. Treasury will extend its ‌sanctions waiver on Russian seaborne oil, which lapsed on Saturday (May 16, 2026), after several countries asked for more…

World

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

April 18, 2026 admin

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…

World

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

January 14, 2025 admin

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….

Business

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

January 12, 2025 admin

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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