US Extends Russian Oil Waiver for 30 Days, Excludes Cuba, North Korea, Crimea
US Extends Russian Oil Waiver for 30 Days, Excludes Cuba, North Korea, Crimea
- •US Treasury Department issues new 30-day waiver for buying/selling Russian oil, valid until April 11, 2026.
- •Waiver applies to Russian crude oil and petroleum products loaded onto vessels by March 12, 2026.
- •Excludes transactions related to Cuba, North Korea, and Crimea; strict old rules remain for these regions.
- •Decision influenced by global energy supply concerns amid Iran-Israel tensions and Strait of Hormuz disruptions.
- •India, a major oil importer, benefits from the waiver, having previously purchased 20-30 million barrels of Russian oil.
