Business

US issues 30-day sanctions waiver for sanctioned stranded Russian oil purchases

The U.S. Treasury previously issued a 30‑day waiver on March 5 specifically for India. (Envato)
The U.S. Treasury previously issued a 30‑day waiver on March 5 specifically for India. (Envato)

The move reflects White House worries that the latest surge in oil prices will hurt U.S. businesses and consumers.