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U.S. Extends Sanctions Waiver for Russian Oil Amid Crisis

4/21/2026

Summary

Story summary

On April 20, 2026, the U.S. Treasury Department extended the sanctions waiver, allowing purchases of Russian oil loaded onto ships from April 17 to May 16, 2026, to stabilize energy prices amid the Middle East conflict.
Dmitry Peskov, Kremlin spokesman, said Russian oil is vital and cannot be ignored during challenging market conditions.
Indonesia and Malaysia have pursued the waiver to secure Russian crude, with Asian nations seeking alternative supplies.

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Story summary

On April 20, 2026, the U.S. Treasury Department extended the sanctions waiver, allowing purchases of Russian oil loaded onto ships from April 17 to May 16, 2026, to stabilize energy prices amid the Middle East conflict.
Dmitry Peskov, Kremlin spokesman, said Russian oil is vital and cannot be ignored during challenging market conditions.
Indonesia and Malaysia have pursued the waiver to secure Russian crude, with Asian nations seeking alternative supplies.