US extends sanctions waiver on Russian oil for 30 days, Bessent says
- Posted on May 18, 2026
- By Business News Today
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- 1 min read
US extends sanctions waiver on Russian oil for 30 days, Bessent says
Washington has extended its sanctions waiver for Russian oil cargoes at sea by 30 days. This move aims to help vulnerable nations access Russian oil amidst surging global energy prices. The temporary measure provides additional flexibility to stabilize the crude market. This is the second extension of the waiver, which was first issued in March.
