Due to market shortages: US may lift sanctions on Russian oil
7 March 13:11
US Treasury Secretary Scott Bessent said that Washington does not rule out easing sanctions against Russian oil in order to eliminate the global oil shortage caused by military operations against Iran.
This was reported by "Komersant Ukrainian" with reference to Clash Report.
Bessent noted that in the fall, the US asked India to stop buying Russian oil subject to sanctions, and India complied.
The country then planned to replace it with oil from the US, but to “smooth out” the temporary global oil shortage, Washington gave temporary permission to purchase Russian oil.
“We gave them permission to accept Russian oil. We can also lift sanctions on other Russian oil… There are hundreds of millions of barrels of sanctioned oil on the water right now. In essence, by lifting sanctions on it, the Treasury can create additional supply in the market,” Bessent said on Fox Business.
The minister stressed that the US is considering this option and will regularly announce measures aimed at easing the situation on the market during the operation in the Middle East.
The US has opened up opportunities for Russia to earn money, but not everywhere
Just a day earlier, Scott Bessent wrote a post on social media saying that to ensure an uninterrupted flow of oil to the world market, the US Treasury Department had given India a 30-day permit to purchase Russian oil.
Bessent claims that this “deliberately short-term measure” will not bring significant benefits to Russia, as the permission only allows the purchase of oil that is already in port or at sea.
It should be noted that India had previously intended to replace Russian oil not only with supplies from the US, but also from the Middle East.
However, due to the operation against Iran, the movement of ships carrying oil and other cargoes through the Strait of Hormuz has been complicated, if not completely halted. This, in fact, has caused a shortage of oil on the market.
