The waiver expired one day after Sens. Jeanne Shaheen (D-NH) and Elizabeth Warren (D-MA) said it was helping Russia generate oil revenue
. The waiver reflects debates about how to maintain stability in global oil markets while simultaneously constraining Russia’s energy revenue during the war in Ukraine.
“Treasury must finally end its ill-conceived policy of helping Russia make even more money from President Trump’s reckless war in Iran. With the average price of gas above $4.50 a gallon, there is no evidence that this license is reducing costs for American families burdened by the President’s conflict in the Middle East.
”The increase in energy prices comes as the Trump administration confronts mounting political pressure over affordability ahead of the Novemberto allow countries to purchase oil and petroleum products from Russia. It was then renewed about a month later, with a Treasury Department spokesperson saying “Treasury wants to ensure oil is available to those who need it.
” India asked the United States to extend the waiver on Thursday, according to India is the largest buyer of Russian seaborne oil, and it completed record-high purchases in April and May following the issuance of previous sanctions waivers, according to
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