Washington
The US Treasury will allow countries to buy Russian oil stranded at sea for at least another month.
The department’s Office of Foreign Assets Control on Friday issued a licence authorising the delivery and sale of Russian crude oil and petroleum products loaded on vessels as of today.
The licence, which lasts until May 16, replaces a measure first introduced in mid-March.
The original licence provoked criticism from the EU and Ukraine when it was announced. At the time, US Treasury secretary Scott Bessent described it as a “narrowly tailored, short-term measure”.
