The U.S. Department of the Treasury has eased sanctions for 30 days to allow India to import Russian oil currently stranded at sea, as Iran closed the vital oil transit route of the Strait of Hormuz.
The Department of the Treasury said its Office of Foreign Assets Control is issuing Russia-related General License 133, "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 5, 2026 to India."
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by Joji Xavier
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