Washington: The United States has extended by a month a waiver from sanctions to allow countries to buy petroleum products from Russia, days after it ruled out renewal of the special measure.
The US Department of Treasury issued an order late Friday extending the waiver from sanctions on Russian oil that is already at sea on or before April 17 through May 16.
Earlier, the US had granted an exemption from sanctions to India for buying Russian oil for a month beginning March 5. A few days later, a similar waiver was extended to several other countries, which ended on April 11.
The general licence issued by the US on Friday does not authorise any transaction involving a person, entity or joint venture located in Iran, North Korea, Cuba, or parts of Ukraine.
On Wednesday, Treasury Secretary Scott Bessent said Washington would not be renewing the waiver for Russian oil and another for Iranian oil.
The previous waiver of sanctions had made available 140 million barrels of Russian oil already loaded on ships to global markets as prices soared against the backdrop of the US war with Iran.
“Effective April 17, 2026, General License No. 134A, which was dated March 19, 2026 and expired on April 11, 2026, is replaced and superseded in its entirety by this General License No. 134B,” said the order issued by the Department of Treasury.
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