The US is not extending its waiver on sanctions, which allowed nations, including India, to buy Russian and Iranian crude oil, Treasury Secretary Scott Bessent has announced at the White House. India was a major beneficiary of the sanctions waivers, a move that drew sharp criticism from US politicians who argued it eased financial pressure on Moscow and Tehran.
US Treasury Secretary Scott Bessent said the general licence, meant to clear oil already at sea before March 11, has run its course and will lapse without extension
