The US treasury secretary, Scott Bessent, said on Friday that his government was considering lifting sanctions on more Russian oil, a day after it temporarily authorised India to buy from Moscow as global oil prices surged. “We may unsanction other Russian oil,” Bessent told Fox Business on Friday. “We’re going to keep a cadence of announcing measures to bring relief to the market during this conflict,” Bessent said, with high oil prices a pain point both domestically and for international markets. On Thursday, the US government temporarily eased economic sanctions to allow Russian oil currently stranded at sea to be sold to India. It said the transactions, including from vessels blocked by various sanctions regimes, are authorised through the end of the day on 3 April 2026.

Source: The Guardian March 07, 2026 22:52 UTC