US Allows Sanctions Waiver on Russian Oil to Expire The U.S. government has allowed a sanctions waiver concerning Russian oil shipments to expire on April 17. This waiver had previously permitted certain Russian crude oil already loaded onto tankers to be sold and transported globally without facing U.S. sanctions penalties. The U.S. Department of the Treasury’s Office of Foreign Assets Control did not reissue the waiver, which was initially introduced in April.

• U.S. government allowed an April 17 sanctions waiver on certain Russian oil shipments to expire.
• The waiver had permitted some Russian crude already loaded onto tankers to be sold and transported globally without triggering U.S. sanctions penalties.
• The U.S. Department of the Treasury’s Office of Foreign Assets Control did not reissue the waiver.
• The waiver was introduced in April due to global energy market pressures from the Middle East conflict and disruptions at the Strait of Hormuz.