U.S. extends waiver allowing some purchases of Russian oil through May 16
The Facts
- The U.S. Treasury Department renewed a waiver allowing countries to purchase some Russian oil and petroleum products already at sea.
- The renewed waiver allows purchases of Russian oil loaded on vessels as of Friday through May 16.
- The new waiver replaces or extends an earlier waiver that expired on April 11.
- The extension was issued two days after Treasury Secretary Scott Bessent said the waiver would not be renewed.
- Multiple reports say the administration linked the waiver extension to efforts to control or soften rising global energy prices amid disruption related to the Iran conflict.
- The waiver excludes transactions involving Iran, Cuba, and North Korea.
Analytical frames for this storyTap to explore
Context
What does the waiver allow?
It allows countries to purchase Russian oil and petroleum products that were already loaded onto vessels as of Friday, with the authorization running through May 16 KyivPost,Deutsche Welle,Yahoo! Finance.
Why is this extension notable?
It came only two days after Treasury Secretary Scott Bessent said the U.S. would not renew the waiver, so several outlets described it as a reversal of the administration's earlier position KyivPost,Daily Mail,NDTV.
Why did the administration extend it?
Reports say the extension was part of an effort to ease or stabilize global energy prices after the Iran-related conflict disrupted oil markets Spokesman Review,Deutsche Welle,NYT.
View all 125 sources
Wire services (11)
APInternational Business Times, Singapore Edition48-Hour U-Turn: US Reverses, Reinstates Russian Oil Waiver A...
Independent coverage (50)
RTE.ieZelensky condemns easing of oil sanctions on Russian oil
The Moscow TimesZelensky Says Oil Sanctions Relief Provides Billions for Rus...
Free Malaysia TodayZelensky says oil sanctions relief provides billions for Rus...
RTUS reverses on pledge not to renew Russian oil waiver -- R...
Zero HedgeUS Treasury Extends Russian Crude Waiver Amid Supply Disrupt...
WTOPUcrania ataca refinerías rusas horas después de que EE.UU. l...
GEO TVUS extends Russian oil sanctions waiver despite earlier vow ...
BERNAMAUS Issues New Waiver Allowing Russian Oil Sales
The Financial ExpressUS extends waiver on Russian oil sales till May 16
The Financial ExpressUS extends waiver on Russian oil sales till May 16
POLITICOUS extends waiver on Russian oil sanctions to ease Iran war ...
The IndependentUS again lifts sanctions on Russian oil stranded at sea two ...
taz.de+++ Nachrichten im Ukraine-Krieg +++: Toter und viele Verlet...
KyivPostSenate Democrats Slam Trump's 'Shameful' Sanctions Relief fo...
TheQuintUS Extends Russian Oil Sanctions Waiver, India Among Benefic...
wallstreet:onlineUSA lockern erneut Sanktionen auf russisches Öl
News18US Extends Russian Oil Waiver Days After Saying It Won't: Wh...
AlMomento.netPetróleo ruso vuelve al mercado
Daily SabahUS renews sanctions waiver on Russian oil purchases
Democratic UndergroundUS issues sanctions waiver on Russian oil sales again
ThePrintUS takes U-turn, extends waiver on sale of sanctioned Russia...
MOPO.deTrump lockert Sanktionen und spielt so Putin in die Hände
The Times of IsraelUS extends sanctions waiver on sale of Russian oil aimed at ...
Owensboro Messenger-InquirerUS extends sanctions waiver on purchases of Russian oil
The Grand Junction Daily SentinelUS extends sanctions waiver on purchases of Russian oil
United News of IndiaUS temporarily lifts sanctions on Russian oil on vessels
Zee BusinessTrump extends waiver permitting countries to buy Russian cru...
Business InsiderRussisches Öl: USA setzen Sanktionen teilweise aus
AOL.comUS issues sanctions waiver on Russian oil sales again - AOL
en.etemaaddaily.comUS Renews Russian Oil Waiver After Pressure From Countries
The Jerusalem PostUS renews Russian oil waiver after pressure from countries d...
France 24US extends sanctions waiver on Russian oil sales at sea
NewsBytesUS backtracks, renews waiver for India to buy Russian oil
DevdiscourseTreasury's Waiver Gamble Amidst Strained Global Energy Marke...
Investing.comU.S. extends Russian oil sanctions waiver amid global supply...
cnbctv18.comUS renews waiver allowing countries to buy Russian oil till ...
The Moscow TimesU.S. Extends Sanctions Waiver on Purchases of Russian Oil
Free Press JournalUS Extends Waiver On Russian Oil Purchases Amid Peace Talks ...
BW BusinessworldUS Renews Russia Oil Transit Waiver For One Month Till May 1...
NewsXUS Renews Waiver Allowing Sale Of Sanctioned Russian Oil Des...
The StatesmanUS extends sanctions waiver allowing sale of stranded Russia...
Middle East EyeUS extends waiver for sanctioned Russian oil purchase as glo...
KurierUkraine: USA lockern erneut Sanktionen auf russisches Öl
NDTVUS U-Turn On Russian Oil Waivers Amid Iran War And How It He...
The Indian ExpressUS makes a U-turn, extends sanctions waiver for Russian oil ...
FortuneIndiaUS extends Russian oil sanctions waiver till May 16, allowin...
DevdiscourseSenate Leaders Condemn Trump's Russia Oil Waiver Amid Ukrain...
The StatesmanAir Canada to suspend some flights to US over jet fuel costs
SwarajyamagUS Extends Waiver For Russian Oil At Sea Till 16 May Amid Gl...
RTE.ieUS extends sanctions waiver on purchases of Russian oil
About these frames
The Analyst: Costs, jobs, inflation, growth, incentives, markets, tradeoffs. Follow the money.
The Watchdog: Wrongdoing, responsibility, corruption, transparency. Who knew what, when, and what they did about it.
The Architect: Stability, law, enforcement, institutional design, separation of powers, regulatory process, rule of law. How are order and governance maintained?
See this differently than someone you know would? Two ways to keep it going.
The dial works on any URL — paste an article you read elsewhere this week.