US postpones tightening sanctions against Russian oil: details

The US Treasury Department has extended the sanctions exemption for Russian oil transported by sea for another 30 days.

Reuters reports this.

The previous permit expired on Saturday, May 16, but Washington decided to grant an additional extension for another month.

According to the agency’s source, this decision was made after appeals from several states, which asked for more time to purchase Russian oil.

This is specifically about oil that is transported by sea and is subject to American sanctions restrictions.

A Reuters source noted that the US took this step due to the risks of oil shortages on the global market and a possible further increase in prices.

At the same time, the agency notes that the extension of this exception has not yet yielded any noticeable results in stabilizing gasoline prices in the United States itself.

It was previously reported thatRussia continues to expand its shadow fleet for transporting liquefied natural gas, which is under US sanctions.

Recall that the European Union is preparing a new package of sanctions against Russia, which may be directed against the “shadow fleet”, the banking sector, and companies of the military-industrial complex.