USA authorises temporary purchases of Russian oil stranded at sea
→Procurement teams must buy only US-authorised stranded Russian cargoes
Change
USA authorised countries to buy only Russian oil stranded at sea under a temporary authorisation effective March 13, 2026.
Why it matters
Countries must obtain US temporary authorisation before buying stranded Russian cargoes. Authorisation covers only cargoes currently stranded at sea.
Implications
- — Procurement teams must obtain US temporary authorisation now or purchases lack US authorisation.
- — Trading desks must verify US authorisation now or trades lack US authorisation.
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Source
View on The Hindu