The US Treasury Department has temporarily eased oil sanctions against Russia, allowing the export of already loaded oil and petroleum products. It reports Reuters.
Amid a global oil crisis caused by military action in the Middle East, Washington made a decision that until recently seemed unlikely.
The US Treasury Department has issued a general license allowing Russia to sell already shipped oil resources, which effectively temporarily eases the sanctions pressure on Moscow.
According to the agency, the permit applies exclusively to oil loaded onto ships before March 12, and sales are permitted until April 11.
Thus, the easing of sanctions is intended for one month, likely with the aim of stabilizing the global oil situation in the short term.
Limitations and nuances of the new license
It is important to note that the new US license does not apply to transactions related to Iran.
Military actions in this country, including the closure of the Strait of Hormuz, have created a supply shortage in the global oil market.
US Treasury Secretary Scott Bessant stressed that the temporary permit applies only to oil "that is currently stuck at sea" and will not provide significant profits to the Russian government.
Thus, the measure is limited and short-term in nature, aimed at mitigating the consequences of the global energy crisis.
