US issues fresh 30-day sanctions waiver for purchase of Russian oil at sea

The license, which expires on April 11, replaces and supersedes a similar 30-day sanctions waiver issued on March 12.

In Short

• US Treasury issues new general license for Russian crude oil sales
• License replaces 30-day waiver issued on March 12
• License valid until April 11 with same main terms

The United States issued a new general license on Thursday to replace an earlier waiver for the sale of Russian-origin crude oil and petroleum products loaded on tankers as of March 12, according to the US Treasury Department.

The license, which expires on April 11, replaces and supersedes a similar 30-day sanctions waiver issued on March 12.

While the main terms remain identical to those in the license issued earlier, Thursday's waiver specifically excludes transactions involving North Korea, Cuba and Crimea.

The temporary easing of sanctions on Russian oil is a part of the Trump administration's attempt to tame energy prices that have been driven higher by the Middle East conflict.

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