US grants 30-day waiver for India to buy stranded Russian oil cargoes
Time-limited waiver allows purchase of specific stranded shipments
Change
The United States issued a 30-day waiver permitting Indian refiners to purchase Russian crude cargoes currently stranded at sea.
Why it matters
The waiver restricts transactions to identified stranded cargoes and expires within 30 days, maintaining broader sanctions on new Russian oil purchases.
Implications
- — Refiners must complete purchases within 30 days — delays void eligibility
- — Procurement teams must ensure cargo qualifies as stranded — errors risk violations
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