US Treasury Quietly Lifts Sanctions to Free Stranded Russian Oil Bound for India

The US Treasury Department quietly issued a new general license, authorizing Indian refineries to purchase millions of barrels of Russian crude oil sitting in floating storage — a move that unlocks frozen revenue for Moscow without requiring any concessions on the Ukraine war. The Office of Foreign Assets Control issued General License 133, clearing the […] The post US Treasury Quietly Lifts Sanctions to Free Stranded Russian Oil Bound for India appeared first on the deep dive.