Newsinc24 Team 
The United States said on Wednesday it would not allow any new exemptions from sanctions. The decision covers purchases of Russian oil and Iranian oil. US Treasury Scott Bessent announced the move at a White House press conference. The step ended a temporary window that had allowed limited sanctioned oil trade. "We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil. That was oil that was on the water prior to March 11, so all that has been used," Bessent said.
US will NOT be renewing sanctions waiver on Russian OR Iranian oil — Bessent https://t.co/U9W2xIQwcV pic.twitter.com/eCariYTVNj
— RT (@RT_com) April 15, 2026
On March 5, the US gave India a 30-day sanctions waiver to buy Russian oil. The waiver related to sanctions linked to the Ukraine war. A few days later, similar waivers were extended to a few other nations. The waiver period ended on April 11, according to the timeline given.India was a key beneficiary of the sanctions waivers, which attracted significant criticism by US politicians for enriching loosening financial pressure on Moscow and Tehran. Indian refiners like Reliance had previously wound down their purchases from Russian suppliers like Rosneft and Lukoil due to US sanctions against these energy majors.
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