US extends sanctions waiver on Russian seaborne oil after India vows to keep purchasing

The United States has extended the exemption from sanctions on seaborne Russian oil by one month, an official statement said. The US Treasury Department issued an order on Monday extending the exemption from sanctions on Russian oil stranded at sea on or before April 17 until June 17. "Effective May 18, 2026, General License No. 134B, which was issued on April 17, 2026, and expired on May 16, 2026, is fully replaced and revoked by this General License No. 134C," the order issued by the Treasury Department's Office of Foreign Assets Control said. The statement comes after India said that it will continue purchasing Russian crude oil irrespective of whether the US extends a sanctions waiver.