Trump administration permits purchase of Russian oil in transit

The U.S. Treasury has authorized the temporary purchase of Russian oil already at sea, effective for one month, to alleviate high global oil prices. This measure allows countries to buy approximately 124 million barrels of Russian oil currently in transit, although critics, including congressional Democrats, argue it could benefit the Russian government and undermine sanctions aimed at limiting its war funding. This decision follows a recent license permitting India to buy Russian oil, despite previous pressure to halt such transactions.

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