US extends waiver allowing countries to buy Russian oil

The United States has extended a sanctions waiver that allows certain countries to purchase Russian oil. The move affects over 100 million barrels of oil and is aimed at easing global energy prices.

Kirill Dmitriev, head of the Russian Direct Investment Fund, confirmed the waiver's extension and its volume. The decision comes despite a prior pledge from Scott Bessent, a key economic advisor, not to extend it, and has significant implications for major importers like India.