The US treasury issued a 30-day waiver on Thursday allowing India to buy Russian oil currently stuck at sea. “To enable oil to keep flowing into the global market, the treasury department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” treasury secretary Scott Bessent said in a statement posted to social media. “This deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorizes transactions involving oil already stranded at sea,” he continued. He called it a stopgap measure, as Washington expects India to eventually buy more US
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