Daily brief
The United States has extended a sanctions waiver allowing certain countries to purchase Russian oil, covering over 100 million barrels, in a move aimed at easing global energy prices. Kirill Dmitriev, head of the Russian Direct Investment Fund, confirmed the extension, which comes despite a prior pledge from key economic advisor Scott Bessent not to extend it. The decision has significant implications for major importers like India and has drawn criticism from Senate Democrats.
Russia accused the US of seeking to take control of Iranian oil in the Persian Gulf and benefiting from high oil prices.
Ukraine’s drone strikes are costing Russia $100 million per day in oil revenue.
Italian Deputy Prime Minister called for a return to gas purchases from Russia, while PETRONAS announced plans to negotiate an oil deal with Russia.
Rosatom is closely monitoring US-Iran talks and expressed readiness to assist with the removal of uranium.