The US is considering lifting sanctions on russian oil

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Date

07 Mar 2026


This was stated by Bessent in an interview with Fox Business

 

According to the official, the US is forced to respond to the critical shortage of raw materials.

 

The day before, on 6 March, the United States had already granted India a 30-day permit to purchase russian oil stored on tankers at sea.

 

"We can lift sanctions on other russian oil. The Treasury can do something else: there are hundreds of millions of barrels of sanctioned crude oil on the water. Essentially, by lifting sanctions on them, the Treasury can create an offer. And we are considering this. We will continue to announce measures to ease the market situation during this conflict."

 

Source: Ukrainska Pravda