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The Economic Times

Economy / The Economic Times

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US allows countries to buy Russian oil stranded at sea for 30 days

The United States has issued a 30-day license allowing countries to buy Russian oil and petroleum products currently stranded at sea, as part of efforts to stabilize global energy markets disrupted by the war involving Iran. US Treasury Secretary Scott Bessent said the move would not provide significant financial benefit to the Russian government.

13 Mar 2026 6:08 am