US extends sanctions waiver on Russian oil already at sea by 30 days amid stalled peace talks with Iran

The United States Department of the Treasury has prolonged its sanctions waiver for Russian crude already stuck at sea, granting an additional month of relief. The fresh order issued on Monday confirms that the earlier General License No. 134B, which expired on May 16, has now been fully replaced by General License No. 134C, effective May 18. According to the Office of Foreign Assets Control, the waiver applies only to Russian oil shipments that were at sea on or before April 17 and now remains valid until June 17. The licence also clearly excludes any transaction involving individuals or entities based in Iran, North Korea, Cuba or territories of Ukraine controlled by Russia.

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