The latest extension is the second time the Trump administration has renewed the sanctions relief despite earlier public statements indicating it would not do so.

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

The Trump administration let a Russian oil sales waiver expire, then reversed course days later. Here's why crypto traders are watching the May 16 deadline.

The waiver expired one day after Sens. Jeanne Shaheen (D-NH) and Elizabeth Warren (D-MA) said it was helping Russia generate oil revenue