Trump authorizes purchase of Russian oil in transit under license valid until April 11.
U.S. lifts ban on Russian oil temporarily
According to UATV: The United States has issued a limited license that allows the purchase of Russian oil currently in transit, with the authorization set to expire on April 11. This decision, driven by President Donald Trump, marks a temporary suspension of the earlier prohibition. Importantly, the license applies exclusively to oil already en route, meaning new shipments are not covered under this arrangement.
Treasury Secretary Scott Bessent described the move as a
“narrow and temporary measure that applies only to oil already in transit and will not provide significant financial benefit to the Russian government.”He explained that Russia’s energy revenues primarily come from extraction taxes, so this license is not designed to support the Russian economy over the long term.
Energy procurement flexibility with limits
This new license introduces some flexibility in energy purchases, but its limited scope reflects Washington’s cautious approach to dealing with Russian suppliers.
The decision highlights the complexity of U.S.-Russia energy relations amid global economic and political challenges. By temporarily lifting the ban, the U.S. may be aiming to stabilize oil markets and address potential supply disruptions. However, the long-term policy direction remains uncertain as the country continues to seek ways to reduce its reliance on Russian energy resources.
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