"The renewed license is narrowly tailored -- it applies only to oil already loaded onto ships -- but critics say the repeated use of such waivers risks undermining the broader sanctions regime imposed after Russia's full-scale invasion of Ukraine."
"Leading Senate Democrats, including Chuck Schumer of New York, Elizabeth Warren of Massachusetts, and Jeanne Shaheen of New Hampshire, condemned the decision as a '180-degree reversal,' arguing that it sends a mixed signal at a time when Russia continues its military campaign."
The U.S. Treasury Department issued General License 134B, allowing transactions for Russian crude and petroleum products loaded onto vessels as of April 17. This waiver, effective until May 16, replaces a previous license that expired on April 11. The decision comes amid global energy market volatility and follows conflicting statements from Treasury Secretary Scott Bessent. Critics argue that such waivers undermine sanctions imposed after Russia's invasion of Ukraine, with leading Senate Democrats condemning the move as a reversal that sends mixed signals during ongoing military actions.
Read at RadioFreeEurope/RadioLiberty
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