The United States has extended a special sanctions waiver for one more month, allowing countries to continue buying petroleum products from Russia.
Earlier, the U.S. had said this waiver would not be extended, which created uncertainty. However, the U.S. Department of the Treasury has now confirmed that the waiver will continue under updated conditions.
According to the new rules, countries can complete transactions involving Russian oil shipments that were already on the way before April 17. These transactions will be allowed until May 16 without facing U.S. sanctions.
This decision gives countries more time to finish their existing oil purchases and manage their energy needs without sudden disruptions.
Overall, the extension brings temporary relief to nations depending on Russian oil, while also showing that the situation around global energy supply remains uncertain and carefully managed.