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Trump Administration Extends Waiver on Russian Oil Amid Energy Pressures

Treasury Secretary Scott Bessent speaks at a roundtable event with President Donald Trump about no tax on tips, Thursday, April 16, 2026, in Las Vegas. (AP Photo/Lucas Peltier)

The administration of U.S. President Donald Trump on Friday reversed an earlier position and extended a sanctions waiver allowing continued purchases of Russian oil and petroleum products.

The U.S. Treasury Department issued a new license permitting such transactions through May 16, replacing a previous 30-day waiver that had expired. The move is seen as part of broader efforts to stabilize global energy markets amid rising costs linked to the ongoing conflict involving Iran.

The decision marks a shift from comments earlier in the week by Treasury Secretary Scott Bessent, who had indicated the waiver would not be renewed.

The reversal drew sharp criticism from Senate Democrats, including Jeanne Shaheen, Elizabeth Warren, and Senate Minority Leader Chuck Schumer. In a joint statement, they questioned the implications of extending relief for Russia amid its ongoing war in Ukraine.

The lawmakers argued that the policy could benefit Russian President Vladimir Putin by boosting energy revenues at a time when Moscow faces international pressure.

“Enough is enough,” the senators said, urging the administration to impose stronger sanctions. They warned that without increased pressure on Russia, the conflict in Ukraine could continue with further civilian casualties.

The administration has not publicly addressed the criticism but has indicated that energy market stability remains a key consideration in its decision-making.

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