US authorises temporary purchases of stranded Russian oil
Short-term exemption allows limited imports
Change
The United States issued a temporary 30-day authorisation permitting purchases of Russian oil currently stranded at sea.
Why it matters
The exemption enables limited transactions within a defined window before standard sanctions restrictions resume.
Implications
- — Buyers must complete imports within waiver period — strict deadline applies
- — Post-waiver transactions revert to sanctions regime — compliance risk resumes
Who is affected
- — Oil refiners
- — Commodity traders
What to watch
- — Potential extension of waiver