US narrows Russian oil waiver with exclusions and April 11 expiry
Sanctions relief limited to pre-loaded cargoes with exclusions
Change
The United States issued a revised 30-day waiver allowing sale of Russian oil loaded by March 12 while excluding transactions involving Cuba, North Korea and Crimea.
Why it matters
The license tightens compliance conditions by restricting eligible cargoes and counterparties, increasing verification requirements for market participants.
Implications
- — Traders must verify cargo loading dates — eligibility restricted
- — Transactions with excluded jurisdictions prohibited — compliance risk increases
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