US refuses to renew sanctions-waiver on Russian oil for India

Washington had issued the exemption for New Delhi and others to lower soaring energy prices amid the Iran war

The US will not renew the sanctions waiver that facilitated purchases of Russian oil by India and other countries, a top Trump administration official has said.

A 30-day waiver of sanctions on Iranian oil at sea will also expire this week.

“We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil,” Treasury Secretary Scott Bessent told reporters on Wednesday. “That was oil that was on the water prior to March 11. So all that has been used,” Bessent said at a White House briefing.

Washington’s decision not to renew the sanctions waiver on oil from Russia and Iran comes after many US Senators voiced opposition to any extension.

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