US exemption on Russian oil expires amid rising energy prices

US exemption on Russian oil expires amid rising energy prices A US exemption allowing the delivery and sale of Russian-origin crude oil and petroleum products expired on Saturday amid rising global energy prices linked to the war involving Iran. In April, the United States Department of the Treasury issued a waiver permitting shipments of Russian oil loaded onto vessels beginning on 17 April. Washington introduced the exemption in an effort to ease pressure on global energy markets and sta

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