US Secretary of State Marco Rubio has said the country would like to lift exemptions on oil sanctions against Russia in the near future.

WASHINGTON, June 17 (Reuters) - The U.S. Treasury on Wednesday did not publish an extension of its waiver of sanctions on Russian seaborne oil that ran out at midnight, but President Donald Trump and administration officials did not say whether that meant ...

The U.S. Treasury secretary on Monday (May 18, 2026) said Washington was extending by 30 days its sanctions waiver for Russian oil cargoes already at sea, as global energy prices continue to surge due to the U.S.-Israel war on Iran. The latest “temporary ...

The US has extended a temporary sanctions waiver for a Serbian oil firm, to allow more time for negotiations over the sale of its Russian-held stake, officials said Wednesday. Petroleum Industry of Serbia (NIS) has faced US sanctions since January 2025 as part of a crackdown on the Russian energy sector following Moscow’s invasion of Ukraine.

In June so far, India’s oil imports from Russia averaged at 2.6 million barrels per day (bpd), a whopping 53.5% of the country’s total crude imports for the period, as per vessel tracking data from commodity market analytics firm Kpler.