US Edition
Why Has Trump Eased Sanctions on Russian Oil - and Will It Help Putin?
The waiver permits sale of stranded Russian oil loaded before the cutoff, aiming to ease economic strain from the US-Israel-Iran conflict, with potential $10 billion monthly export boost.
- On Thursday, the US issued a 30-day waiver allowing countries to purchase sanctioned Russian oil stranded at sea, with the license valid through April 11 for cargo loaded before March 12.
- Treasury Secretary Scott Bessent said the 'tailored, short-term' measure aims to stabilize global energy markets roiled by the Iran war, reducing economic impacts for US businesses and consumers.
- Bessent insisted the move addresses 'instability posed by the terrorist Iranian regime' while providing limited financial benefit to Moscow; Alexander Kirk of Urgewald warned the waiver 'only helps refill the Kremlin's war chest.'
- Kremlin investment envoy Kirill Dmitriev wrote on Telegram that easing restrictions appears 'increasingly inevitable' amid the energy crisis; Thailand announced it is ready to buy Russian oil, signaling immediate customer access.
- The Centre for Research on Energy and Clean Air warns that Putin will use this opportunity to clear tankers and boost production, marking a significant shift in Western policy regarding maximum pressure on Russia.
51 Articles
51 Articles
Vladimir Putin and his intentions to continue the war in Ukraine emerge as the great beneficiaries of President Donald Trump's decision to ease the oil sanctions on Russia, adopted last week and reinforced this Thursday. At a time when the Russian economy was beginning to feel the weight of economic retaliation for the invasion of Ukraine, the Kremlin's public coffers will receive an additional financial flow that President Volodimir Zelenski ha…
PARIS (AP) — Ukrainian President Volodymyr Zelenskyy said Friday that the U.S. 30-day exemption from Russian oil sanctions in the midst of the war with Iran “is not the right decision” and will not help end the Russian invasion of Ukraine, which is now more than four years old. “This relief alone by the U.S. could provide Russia with about $10 billion for the war,” Zelenskyy said during a press conference with French President Emmanuel Macron. “…
In order to prevent the further rise in oil prices, the US has suspended the sanctions against Russia for a month. Experts hardly expect an effect from this.
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