US extends sanctions waiver for purchases of Russian oil
A fresh sanctions waiver from President Donald Trump’s administration will allow the sale of Russian oil and petroleum products already at sea for another month, the latest sign that Washington is trying to contain a sharp rise in energy costs.
The Treasury Department issued the license just two days after Treasury Secretary Scott Bessent said the United States would not extend the waiver.
Under the new measure, buyers may purchase oil and petroleum products loaded onto any vessel as of Friday, up to 12.01 am (5.01am) on 16…