Moscow Gains Billions as Trump's Russian Oil Waiver Expires
The United States has allowed a temporary waiver on sanctions for certain Russian oil sales to expire, effectively reimposing restrictions after a one-month period intended to stabilize global energy markets. The waiver, introduced by the Trump administration in March 2026, aimed to address supply shortages exacerbated by the ongoing war between Washington and Iran. Despite assurances from U.S. Treasury Secretary Scott Bessent that the measure would not significantly benefit Moscow, analysts report that Russia earned billions during this window. Data indicates that approximately 145 million barrels of stranded Russian crude were legally sold, with narrowing discounts and rising global prices boosting export revenues. Estimates suggest Moscow’s financial gains could reach $10 billion. The decision has faced bipartisan criticism in Washington, particularly given Russia’s support for Iran. Kremlin spokesperson Dmitry Peskov stated that Russia had anticipated the sanction reinstatement and continues to mitigate its impact. The waiver’s expiration occurs amid continued market instability and restricted shipping through the Strait of Hormuz, where the U.S. is enforcing a blockade against Tehran.
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Moscow Gains Billions as Trump's Russian Oil Waiver Expires
The United States has allowed a temporary waiver on sanctions for certain Russian oil sales to expire, effectively reimposing restrictions after a one-month period intended to stabilize global energy markets. The waiver, introduced by the Trump administration in March 2026, aimed to address supply shortages exacerbated by the ongoing war between Washington and Iran. Despite assurances from U.S. Treasury Secretary Scott Bessent that the measure would not significantly benefit Moscow, analysts report that Russia earned billions during this window. Data indicates that approximately 145 million barrels of stranded Russian crude were legally sold, with narrowing discounts and rising global prices boosting export revenues. Estimates suggest Moscow’s financial gains could reach $10 billion. The decision has faced bipartisan criticism in Washington, particularly given Russia’s support for Iran. Kremlin spokesperson Dmitry Peskov stated that Russia had anticipated the sanction reinstatement and continues to mitigate its impact. The waiver’s expiration occurs amid continued market instability and restricted shipping through the Strait of Hormuz, where the U.S. is enforcing a blockade against Tehran.
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