US Issues License Authorizing Sale of Some Russian Oil

Source: Bloomberg Politics · Bias: Center

Summary

The US issued its second authorization for buyers to take Russian oil cargoes already at sea, widening a temporary waiver given last week to India alone in an effort to ease pressure on prices. The latest measure applies to oil loaded before March 12 and runs for a month — limiting the number of vessels that can reach major buyers in time. Bloomberg’s Anthony di Paola reports.

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US Issues License Authorizing Sale of Some Russian Oil
Bloomberg Politics

US Issues License Authorizing Sale of Some Russian Oil

Center

The US issued its second authorization for buyers to take Russian oil cargoes already at sea, widening a temporary waiver given last week to India alone in an effort to ease pressure on prices. The latest measure applies to oil loaded before March 12 and runs for a month — limiting the number of vessels that can reach major buyers in time. Bloomberg’s Anthony di Paola reports.