US temporarily eases sanctions on Russian oil already at sea

The US Treasury Department announced it would temporarily lift sanctions on Russian oil that was already loaded onto vessels before a specific date in March. This allows that oil, which was effectively stranded at sea, to be sold and delivered to buyers like India.

This policy shift, which happened under the Trump administration, was seen as a significant concession to Russia. It caused friction with European allies, including Britain, who disagreed with the move and maintained their own stricter sanctions stance.