The U.S. did not extend the authorization to purchase oil from Russia
16 May 21:12
After the May 16 expiration of the sanctions exemption allowing the purchase of Russian oil, the U.S. did not issue an order extending the authorization. This information was reported on the website of the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, according to "Komersant Ukrainian", citing EP.
The last order allowing the supply and sale of crude oil and petroleum products originating from Russia was issued on April 17, 2026. However, it only permitted the sale of oil loaded onto vessels as of April 17, 2026.
These exemptions expired on May 16, and no updated orders were posted on the U.S. Department of the Treasury’s website.
On Friday, May 15, it was reported that India had asked the U.S. to extend the exemption from sanctions on Russian oil, as the war in Iran continues to disrupt energy supplies.
In May 2026, Russian oil shipments to India reached an unprecedented 2.3 million barrels per day. By the end of the month, this figure could still stand at a significant 1.9 million barrels per day.
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