The United States Department of the Treasury has granted India a temporary exemption from sanctions to purchase Russian oil that remains stranded at sea. The special waiver, valid for 30 days, was announced to help maintain stability in global oil supplies. The decision was confirmed by US Treasury Secretary Scott Basent in a post on social media platform X.

According to Basent, the move aims to keep global oil flows steady and counter Iran’s attempts to create pressure in the international energy market. He emphasized that the measure is short-term and will not provide significant financial benefits to the Russian government, as it applies only to stranded energy shipments.

Following Moscow’s invasion of Ukraine, US President Donald Trump had imposed sanctions on Russian oil, forcing buyers to seek alternative sources. India remains one of the largest purchasers of Russian energy, and this waiver allows limited continuation of those transactions under strict conditions.