economy
March 10, 2026
US Defends Russian Oil Sanctions Waiver for India
India has stated it does not require US permission to purchase Russian oil and continues its imports, maintaining Russia as its primary crude oil supplier.
TL;DR
- US officials have defended a 30-day waiver on sanctions for India's purchase of Russian oil.
- The waiver is intended to address fears of supply shortages and tamp down oil prices exacerbated by the Middle East conflict.
- US officials claim India previously ceased Russian oil purchases at Washington's request and the waiver is to ease a temporary gap.
- India maintains it does not need US permission for oil imports and continues to purchase Russian oil, which remains its largest crude oil supplier.
- India's imports of Russian oil have increased significantly since 2022.
- Oil prices have surged past $100 per barrel, with President Trump indicating the US will not halt its actions against Iran.
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