The United States Treasury Department has issued a temporary 30-day waiver allowing Indian refiners to purchase Russian oil currently stranded at sea, a move aimed at maintaining the steady flow of crude in the global market. The short-term measure, officials emphasize, is designed to relieve supply pressures caused by geopolitical tensions, particularly Iran’s attempts to disrupt global energy routes, and does not provide significant financial benefits to the Russian government.
“India is a critical partner of the United States, and we expect New Delhi to continue increasing purchases of US oil,” Treasury Secretary Scott Bessent said. “This waiver is a deliberate stop-gap, strictly limited to stranded shipments, to ensure the world energy market remains stable amid Iran’s interference.”
The waiver follows a period of heightened concern over energy security after Iran’s recent threats and regional military actions created uncertainty for global oil shipments. By authorizing the purchase of Russian oil already in transit, Washington seeks to prevent supply shortages while upholding sanctions that target Russia’s revenue streams from new oil exports.
Under this arrangement, Indian refiners can temporarily secure oil without violating existing US sanctions, while the move also reinforces broader cooperation between the two nations in energy and strategic sectors. Officials highlight that this measure will allow global markets to function efficiently without undermining ongoing sanctions enforcement against Moscow, particularly in the context of Russia’s continued involvement in Ukraine.
“This measure ensures that energy continues to flow to the global market, safeguarding both production and consumer needs,” Bessent said. “It is a temporary, targeted action that will be monitored closely and does not represent a change in the broader policy towards Russia.”
The waiver also reflects the Trump administration’s energy agenda, which has prioritised maximising US oil and gas production. By leveraging domestic output, the administration seeks to maintain global market stability while supporting allies and strategic partners like India, ensuring that energy-dependent economies can access needed supplies amid ongoing geopolitical disruptions.
Erizia Rubyjeana
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