United States ends sanctions waivers for Russian and Iranian oil
Refinery procurement teams in India must replace Russian/Iranian cargoes now
Change
United States ended temporary sanctions waivers that had allowed imports of Russian and Iranian crude loaded before March 11, with the Russian waiver expired and the Iranian waiver set to lapse this weekend.
Why it matters
Imports of Russian and Iranian crude will no longer be shielded from US penalties, narrowing legally available supply options for buyers that relied on the waivers. Purchases made after the waivers lapse risk secondary sanctions or loss of access to US dollar clearing and related financial services.
Implications
- — Trade compliance teams at Indian refiners — must immediately verify and retain documentary proof that any Russian or Iranian crude deliveries were loaded before March 11 — shipments without such proof risk exposure to US secondary sanctions and related penalties.
- — Refinery procurement teams at Indian refiners with booked Russian or Iranian cargoes — must immediately secure lawful alternative feedstock or confirm exemption eligibility — failing to do so risks feedstock shortages that can force refinery outages or crude rationing.
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