The US Treasury has decided to extend a sanctions waiver allowing trade in Russian seaborne oil for another 30 days. | World News

The United States has not issued an order extending authorisation to buy Russian oil after the sanctions exemption expired on 16 May.

The waiver, which allowed purchases of Russian oil stranded at sea, has expired as of 12:01 a.m. Eastern Daylight Time on May 16.

The waiver temporarily lifts sanctions on Russian oil for 30 days.