The United States has granted India a temporary 30-day waiver to purchase Russian crude oil

The United States has granted India a temporary 30-day waiver  to purchase Russian crude oil. 

Friends according to the media reports,The United States has granted India a temporary 30-day waiver (valid through April 3, 2026) to purchase Russian crude oil to help stabilize global energy markets during the ongoing conflict in the Middle East. 

Key Waiver Terms

Authorized Transactions: The waiver, issued by the US Treasury Office of Foreign Assets Control, applies specifically to Russian oil and petroleum products already loaded onto vessels as of March 5, 2026.

Duration: The exemption is a short-term stopgap measure that expires at the end of the day on April 3, 2026 (12:01 a.m. Washington time on April 4).

Scope: It primarily targets stranded oil already at sea to prevent supply shortages without providing significant new financial benefits to the Russian government. 

Context for the Decision

Middle East Supply Crunch: The waiver follows disruptions in the West Asia region, including the reported closure of the Strait of Hormuz by Iran, which has threatened nearly 20% of the world's oil and gas supply.

India's Energy Security: India relies on the Middle East for approximately 40% of its oil imports. With regional shipping routes under threat, Indian refiners have reportedly already purchased roughly 20 million barrels of Russian oil from traders to secure prompt deliveries.

US Expectations: US Treasury Secretary Scott Bessent stated that while this measure alleviates immediate pressure, Washington expects India, as an essential partner, to eventually increase its purchases of US oil.source media reports. 

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