US Extends Russian Oil Sanctions Waiver for a Third Time—Now with an Explicit Anti-China Rationale

The US Treasury has issued a third 30-day extension of its Russian oil sanctions waiver, this time with a new explicit justification: redirecting discounted Russian crude away from Chinese stockpiles and toward energy-vulnerable developing nations. Treasury Secretary Scott Bessent announced the extension on May 18, two days after the previous waiver lapsed — reversing a […] The post US Extends Russian Oil Sanctions Waiver for a Third Time—Now with an Explicit Anti-China Rationale appeared first on the deep dive.