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Last Updated:March 20, 2026, 07:37 IST
The United States issued a new general license for the sale of Russian oil loaded on tankers as of March 12, replacing an earlier waiver.
US President Donald Trump (Image credit: AFP)
The United States issued a new general license on Thursday to replace an earlier waiver for the sale of Russian oil and petroleum products loaded on tankers as of March 12, according to the U.S. Treasury Department.
The license replaces a similar 30-day sanction issued on March 12, with exceptions involving North Korea, Cuba and Crimea.
The temporary easing of sanctions on Russian oil is part of the Trump administration’s broader effort to curb the surge in energy prices caused by the West Asia conflict involving the US, Israel, and Iran.
First Published:
March 20, 2026, 07:36 IST
News world Trump Admin Issues New 30-Day Waiver For Sale Of Russian Oil, Adds Cuba, North Korea As Exceptions
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