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30-day “US waiver’ for India to buy Russian oil

The Political and Business Daily

|

March 07, 2026

IN a significant development, in the wake of the ongoing Iranian war, the Trump administration authorised a one-month window for India to import Russian crude oil.

30-day “US waiver’ for India to buy Russian oil

"President Trump's energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil," Bassent said.

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