World · 7 March 2026
US considers lifting Russian oil sanctions to release hundreds millions barrels.
The American Treasury Secretary, Scott Bessent, has verified that officials in Washington are exploring the removal of certain penalties concerning Russian petroleum, with the aim of easing a worldwide shortage of supplies. This potential policy shift responds to the energy crisis sparked by the recent military escalation in Iran. This follows a strategic waiver granted to India on Thursday, allowing the delivery of Russian crude to stabilize surging international fuel prices.
Reported by kyivindependent.com · How we write briefs