THE United States has temporarily allowed India to purchase oil from Russia stored on tankers at sea, US Treasury Secretary Scott Bessent confirmed.
“To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil. This deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorizes transactions involving oil already stranded at sea,” Bessent wrote on X.
He said India is an essential partner of the United States, and added that the US anticipates New Delhi to “ramp up purchases of US oil”.
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