US Government Declines to Extend Sanctions Relief on Russian Oil
Daily Pulse
April 16, 2026
US Government Declines to Extend Sanctions Relief on Russian Oil
The US Treasury Secretary announced the decision not to extend the temporary suspension of sanctions on specific Russian oil shipments.
This regulation, initially enacted to mitigate price increases following the US’s military actions against Iran, allowed Russian oil loaded onto vessels before March 12 to be sold. Consequently, Russia reportedly doubled its oil revenues through significant sales to China and India. Additionally, the US government confirmed that the exemption for Iranian oil, set to expire on Sunday, will also not be renewed.
For journalistic integrity, this report was summarized from: deutschlandfunk.de