US Treasury lets Russian oil sanctions waiver lapse
The Trump administration allowed a sanctions waiver for Russian seaborne oil to lapse on Saturday. The move ends an effort to curb high global energy prices.
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The United States allowed a sanctions waiver on Russia seaborne oil to lapse on Saturday, ending a month-long extension for global buyers. The waiver previously permitted India to purchase Russian crude after Iran closed the Strait of Hormuz. Crude oil remained above $100 per barrel following the February 28 invasion of Ukraine.
