US Treasury allows sanctions waiver on Russia’s seaborne oil to lapse
WASHINGTON – The Trump administration on May 16 allowed a sanctions waiver to lapse that had previously allowed countries including India to buy Russian seaborne oil after a month-long extension aimed at easing oil supply shortages and high prices due to Iran's closure of the Strait of Hormuz. US Treasury Secretary Scott Bessent had previously said he would not renew…
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