Trump administration reverses course, extends Russian oil sanctions waiver
Summary
The Trump administration changed its decision and extended permission for some countries to buy Russian oil, despite earlier saying it would not. This extension lasts until May 16 and was announced during tensions related to the Iran war.Key Facts
- The Trump administration extended a waiver on Russian oil sanctions.
- The waiver allows certain countries to keep buying Russian oil until May 16.
- A high-ranking official had recently said the U.S. would not extend this permission.
- The change was announced by the U.S. Treasury Department.
- The extension came amid ongoing tensions related to the Iran war.
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