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After India, US grants 30-day waiver to buy Russian oil to other nations amid Gulf war
short by Medhaa Gupta / on Friday, 13 March, 2026
US government announced a temporary 30-day waiver allowing countries to buy sanctioned Russian oil stranded at sea amid the energy crisis sparked by the Middle East war. Treasury Secretary Scott Bessent called it a "narrowly tailored, short-term measure" which wouldn't provide "significant financial benefit" to Russia. US had earlier granted a 30-day waiver to India to buy Russian oil.