economy
March 14, 2026
How Russia and the US secured a sanctions waiver for Russian oil
Russian envoy Kirill Dmitriev likely played a key role in securing a US sanctions waiver on Russian oil amid the ongoing US-Israeli war on Iran
TL;DR
- The US-Israeli war on Iran has caused significant disruption to global oil markets, leading to a surge in oil prices.
- Russia, as a major oil producer not involved in the conflict, stands to benefit from the situation.
- The US has temporarily waived sanctions on Russian oil at sea, a move facilitated by diplomatic discussions.
- Ukrainian President Zelensky has expressed strong opposition to the sanctions waiver, viewing it as unjust.
- European leaders have also condemned the US decision, highlighting a divergence in approach between the US and the EU regarding Russia.
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