US grants waiver to allow India to buy Russian oil amid Iran war
‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipments
The US has temporarily allowed India to buy Russian oil currently stuck at sea in an effort to keep global supplies flowing and temper further price increases.
The US treasury has issued a 30-day waiver allowing India to buy Russian oil, having previously imposed heavy sanctions related to the war in Ukraine.
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