investing

US Extends Russian Oil Sanctions Waiver Amid Global Energy Crisis

The Waiver Trap: How US Sanctions Extensions Fuel Russia's War Machine The US Treasury's decision to extend a 30 day waiver on Russian oil sanctions appears to be a pragmatic attempt to stabilize global energy markets and alleviate supply shortages caused by the Iran war.

However, this move will ultimately bolster Russia's war efforts in Ukraine.

One of the main concerns with this waiver is that it allows Russia to continue selling oil and petroleum products to countries considered "energy vulnerable," such as those dependent on Gulf supplies.

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