U.S. Treasury Secretary Bessent: To expand the global coverage of existing supplies, the Treasury is providing a temporary authorization allowing countries to purchase Russian oil currently stranded at sea.

2026-04-09 09:20:55

U.S. Treasury Secretary Bessent: To expand the global reach of the existing supply, the Treasury Department is providing a temporary authorization that allows countries to buy Russian oil that is currently stranded at sea. This short-term measure applies only to oil that is already in transit, and it will not bring significant fiscal revenue to the Russian government.

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