The administration of the U.S. President Donald Trump has not renewed the license permitting temporary transactions involving the sale of Russian oil.
According to Ukrinform, Bloomberg stated this in an article.
The Trump administration did not extend the waiver that had allowed increased sales of Russian crude oil, despite concerns that the war with Iran could disrupt global oil supplies and drive up fuel prices.
The expiration of the waiver effectively ends a brief period during which the U.S. administration eased sanctions on part of Russia's oil sector, allowing Moscow to conduct transactions that would otherwise have been prohibited.
The Trump administration issued the first waiver in March and a second one after the first expired in April. Both exemptions applied only to a portion of Russian oil that had already been loaded onto tankers.
