The United States has released a temporary measure allowing countries to buy Russian oil. This refers to oil and petroleum products already loaded onto ships that are at sea.
The decision was announced by US Treasury Department Secretary Scott Bessent. He stated the move is aimed at promoting stability in global energy markets.
This action is being taken while there is ongoing conflict in the region. The goal is to prevent sharp increases in energy prices for consumers worldwide.
The authorization for these purchases is strictly time-limited. It will be in effect for a period ending on April 11.
This is described as a narrowly tailored and short-term measure. It is intended to address immediate market needs without broad changes to sanctions policy.