US Ends Oil Waivers: No More Exemptions for Russian and Iranian Oil
The US Treasury has decided not to renew sanctions exemptions for the purchase of Russian and Iranian oil. The decision, announced by US Treasury official Scott Bessent, pertains to oil purchases that were covered by waivers set to expire on April 11, affecting countries like India who had temporary exceptions.
- Country:
- United States
The United States announced on Wednesday that it will cease granting exemptions from sanctions for the purchase of Russian and Iranian oil.
US Treasury official Scott Bessent made the announcement during a White House press conference, saying no general license renewals will be issued for either Russian or Iranian oil.
This decision affects oil imports that were temporarily exempted from sanctions, including those to India and other nations, with waivers expiring on April 11.
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