The US Treasury extended a sanctions waiver allowing temporary access to Russian seaborne oil.

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.