Panamanian-flagged ship Tiger Wings, carrying crude oil from Russia, is moored off the Petron oil refinery in Limay, Bataan province, Philippines, on April 1, 2026. Ezra Acayan/Getty ImagesThe Trump administration renewed a key sanctions waiver on April 17, allowing countries to purchase Russian oil stranded at sea, responding to urgent pressure from Asian nations battered by skyrocketing energy costs.The move also reverses a position Treasury Secretary Scott Bessent had stated two days earlier.
US Treasury Extends Russian Crude Waiver Amid Supply Disruptions
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