Treasury Secretary Scott Bessent says the U.S. will give a 30-day extension for countries to import Russian oil already in tankers at sea.

The US Treasury will extend its sanctions waiver on Russian seaborne oil, which lapsed on Saturday, after several countries asked for more time to buy it,

As the agency specified, several countries had previously requested the waiver

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

Washington has extended its sanctions waiver for Russian oil cargoes at sea by 30 days. This move aims to help vulnerable nations access Russian oil amidst surging global energy…

The extension allowing for the purchasing of Russian oil comes just two days after the administration let its previous waiver expire.