Trump puts forth ‘waivers’ on Russian oil purchases weeks after relaxation on diesel imports

US President Trump has proposed allowing American companies to purchase Russian oil without facing penalties, despite ongoing international sanctions. This move comes weeks after a similar relaxation on diesel imports. The decision to issue 'waivers' on Russian oil purchases is reportedly in the national interest of the United States, according to Trump's certification submitted to Congress. This development could have significant implications for global energy markets, potentially altering the dynamics of international trade and economic relationships.

Why it matters

The US is relaxing sanctions on Russian oil purchases, which could increase oil supply and reduce prices. This move may also improve relations between the US and Russia, potentially leading to further cooperation on energy issues.

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