US extends sanctions waiver on Russian oil to aid vulnerable countries

WASHINGTON, (UrduPoint / Pakistan Point News / WAM - 19th May, 2026) US Treasury Secretary ​Scott Bessent on Monday announced another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid "energy-vulnerable" countries, Reuters reported.

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Bessent said in a posting on X that the Treasury was issuing the 30-day general licence after a previous waiver lapsed on Saturday. This will allow temporary access to Russian oil and petroleum products stranded on tankers without violating severe US sanctions on Russian oil majors, he said.