US extends sanctions waiver on Russian oil as supply crunch pushes up Brent crude price

Posted by PolicyWire

Democratic senators called extension ‘indefensible gift’ to Vladimir Putin as supply concerns keep Brent oil above $110 per barrelThe US has announced another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid “energy-vulnerable” countries hit by the Iran war, r

1 replies

tomspark wrote:

This waiver extension is indefensible. We're basically subsidizing Russia's war chest while pretending it's about helping vulnerable countries. If energy security mattered, we'd be ramping up US production and LNG exports instead of soft-pedaling sanctions.