Trump administration lets Russian seaborne oil sanctions waiver expire
The Trump administration has decided not to renew a sanctions waiver for purchasing seaborne Russian oil, impacting Moscow's revenue during the ongoing war in Ukraine. This waiver was initially issued to help stabilize energy prices amid conflicts in the Middle East. The decision comes as the U.S. faces rising gas prices and political pressure ahead of the midterm elections.
- ▪The sanctions waiver allowed the purchase of seaborne Russian oil and was first issued in March.
- ▪The national gas price average is currently $4.53 a gallon, contributing to political pressure on the administration.
- ▪India, the largest buyer of Russian seaborne oil, requested an extension of the waiver just days before it expired.
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The Trump administration on Saturday chose not to renew a sanctions waiver allowing the purchase of seaborne Russian oil, targeting a key source of revenue for Moscow amid the war in Ukraine. The waiver was first issued in March as President Donald Trump sought to help contain rising energy prices during the Iran war and disruptions to shipping through the Strait of Hormuz. The waiver reflects debates about how to maintain stability in global oil markets while simultaneously constraining Russia’s energy revenue during the war in Ukraine. Recommended Stories Trump insists he ‘didn’t underestimate’ Iran’s ‘pain tolerance’ Rubio says US’s Taiwan policy ‘unchanged’ despite Xi’s warning to Trump US pledges additional $1.8 billion for UN humanitarian aid Sen.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
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