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World News
US Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian Oil
Read In AppUS Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian OilThe waivers on the purchase of Russian oil had allowed India to secure additional supplies amid global oil disruption. Reports suggest that Indian refiners have placed orders for roughly 30 million barrels of Russian oil during the period.
Edited by:
Sanstuti Nath
World News
Apr 16, 2026 07:58 am IST
Read Time:
4 mins
US Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian Oil
Major refiners, including Reliance, have already reduced purchases from Russian firms

Quick Read
Summary is AI-generated, newsroom-reviewed
The US will not renew waivers allowing oil purchases from Iran and Russia without sanctionsSanctions waivers helped stabilize global energy prices amid disruptions around the Strait of HormuzIndia benefited by securing additional Russian and Iranian oil supplies during the waiver period
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Washington:
The United States has said it will not renew the waivers that allowed the purchase of some Iranian and Russian oil without facing US sanctions. India was a major beneficiary of the sanctions waivers, as they allowed New Delhi to continue the purchase of Russian oil amid disruptions around the Strait of Hormuz, which left several vessels stranded at sea.

“We will not be renewing the general licence on Russian oil, and we will not be renewing the general licence on Iranian oil. That was oil that was on the water prior to March 11. So all that has been used,” Treasury Secretary Scott Bessent told reporters on Wednesday.

The moves signal an end to the Donald Trump administration’s efforts to use the sanctions waivers to free up more oil supplies and lower soaring global energy prices, which have surged globally, including in the US, since the conflict in the Middle East escalated.