"This single easing by the US could provide Russia with around $10 billion for the war. It certainly does not help peace," Ukrainian President Volodymyr Zelenskyy said during a joint press conference on March 13 with French President Emmanuel Macron in Paris."
"The situation is fraught with the risk of a growing crisis in the global energy sector.... Without significant volumes of Russian oil, market stabilization is impossible," Kremlin spokesperson Dmitry Peskov told reporters on March 13."
"On March 13, US Treasury Secretary Scott Bessent announced a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products that are currently stranded at sea. The move allows Russian products loaded onto vessels by March 12 to be shipped within the next month and is aimed at boosting supply to keep market prices low."
The US Treasury announced a 30-day waiver allowing countries to purchase sanctioned Russian oil and petroleum products stranded at sea, aimed at stabilizing global energy markets amid tensions with Iran. The waiver permits Russian products loaded onto vessels by March 12 to be shipped within the following month. Ukrainian President Zelenskyy warned this decision could provide Russia approximately $10 billion for its military campaign against Ukraine. The Kremlin welcomed the move, stating Russian oil is essential for market stabilization. European leaders, including German Chancellor Merz and French President Macron, criticized the decision, with Macron questioning its justification and Merz noting Germany was not consulted beforehand.
#us-sanctions-policy #russian-oil-exports #ukraine-russia-conflict #global-energy-markets #international-diplomacy
Read at RadioFreeEurope/RadioLiberty
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