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Bessent says US could remove more Russian oil sanctions

Treasury Secretary Scott Bessent said Friday the US may lift sanctions on more Russian oil to boost supply. This follows a waiver for crude stranded at sea.

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Treasury Secretary Scott Bessent announced on Friday that the United States is considering the removal of sanctions on additional oil supplies from Russia. This development follows a 30-day waiver recently issued by Washington, which permitted the sale of Russian crude oil currently stranded at sea to continue its transit to India.

U.S. Treasury Secretary Scott Bessent participates in the 56th annual World Economic Forum in Davos, Switzerland, on January 20, 2026. REUTERS/Denis Balibouse/File Photo
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