The US Treasury Department has temporarily eased the sanctions regime, allowing India to purchase Russian oil that is currently on tankers stuck at sea.
Treasury Secretary Scott Bessent said the 30-day exemption is intended to maintain uninterrupted supply to the global market and “reduce the pressure caused by Iran’s attempts to take the world’s energy supply hostage.”
Bessent added that this is a purely short-term measure that “will not bring tangible financial benefits to the Russian government,” since it applies only to oil already at sea.
Let us recall that last month India, after prolonged pressure from the United States, refused to purchase Russian oil.