The document emphasizes that the license does not authorize transactions related to a number of Russian regions, including Crimea, the Donetsk People's Republic, and the Lugansk People's Republic, as well as Iran, Cuba, and North Korea

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 temporarily lifts sanctions on Russian oil for 30 days.