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On 18 April 2026, the US extended a sanctions waiver that allows countries to buy Russian oil until 16 May. The waiver was renewed for another month after pressure from countries facing price shocks from the Iran war, and it aims to ease energy prices. The renewal came despite Scott Bessent's pledge not to extend it, two days after he said it would not be.
Dmitriev said the extension affects more than 100 million barrels of Russian oil. The waiver also allows India to keep buying Russian oil.
by WorldBrief & Maksim Micheliov | AI-generated summary
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