US extends sanctions waiver on Russian seaborne oil: What it means for India
The US has extended a waiver allowing the delivery of Russian oil already in transit despite ongoing sanctions. This extension is significant for India, which has been importing record amounts of Russian crude. The waiver provides flexibility for Indian refiners while navigating the complexities of international sanctions.
- ▪The US waiver allows Russian oil already at sea to be delivered until June 17.
- ▪India's imports of Russian crude are near record highs, making up about 50% of its total crude imports.
- ▪The waiver helps India maintain access to discounted oil while adhering to Western sanctions.
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US extends sanctions waiver on Russian seaborne oil: What it means for IndiaUS sanctions restrict Russian oil trade but a temporary waiver allows crude already in transit to be delivered to avoid global supply disruptions.Updated on: May 19, 2026 8:25 AM ISTBy Anita GoswamiShare viaCopy link The United States has extended a temporary waiver that allows Russian oil already in ships to be delivered even with sanctions in place. This gives more time for these shipments to reach buyers, including India, while global oil markets remain uncertain amid the US war on Iran. The extension pushes the deadline for these transactions to June 17.US has extended a waiver on Russian oil.
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