US extends sanctions waiver on Russian seaborne oil: What it means for India
The United States has extended a temporary waiver that allows Russian oil already in ships to be delivered even with sanctions in place. This gives more time for these shipments to reach buyers, including India, while global oil markets remain uncertain amid the US war on Iran. The extension pushes the deadline for these transactions to June 17.
The decision comes at a time when India’s imports of Russian crude remain near record highs and global oil markets are still sensitive to supply risks.
