US issues new 30-day waiver for sale of Russian oil, adding Cuba, N.Korea exceptions

SEATTLE (Oil Monster): The United States ​issued a new general license on ‌Thursday to replace an earlier waiver for the sale of Russian-origin crude ​oil and petroleum products loaded ​on tankers as of March ⁠12, according to the U.S. ​Treasury Department.

The license, which expires ​on April 11, replaces and supersedes a similar 30-day sanctions waiver issued on March ​12.

While the main terms ​remain identical to those in the license ‌issued ⁠earlier, Thursday's waiver specifically excludes transactions involving North Korea, Cuba and Crimea.

The temporary easing of ​sanctions on ​Russian ⁠oil is a part of the Trump administration's ​attempt to tame energy prices ​that ⁠have been driven higher by the Middle East conflict.

Courtesy: www.reuters.com