The United States has issued a temporary 30-day license allowing the purchase of Russian oil and petroleum products currently stranded at sea. This decision, announced by the U.S. Department of the Treasury, aims to stabilize global energy markets.
The license permits the supply and sale of crude oil and petroleum products originating from Russia that were loaded onto vessels as of March 12, 2026. This authorization will remain in effect until April 11, 2026.
U.S. Treasury Secretary Scott Bessent commented on the decision, stating, “This narrowly tailored short-term measure applies only to oil already in transit and will not provide significant financial benefit to the Russian government, which derives most of its revenue from energy through taxes levied at the extraction site.” He further noted that these temporary licenses could be advantageous for the U.S. economy in the long run.
White House Deputy Chief of Staff Stephen Miller remarked during an appearance on Fox News that the Trump administration is taking all possible actions to lower energy prices.
The U.S. has authorized a short-term license for the purchase of Russian oil stranded at sea, aiming to stabilize global energy markets. Officials believe this measure will not significantly benefit the Russian government and could support the U.S. economy in the future.