US easing of Russia oil sanctions draws criticism
Despite the announcement, oil prices continued to hover around $100 a barrel again on Friday, while stock markets outside the US fell. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The United States has temporarily eased sanctions on Russian oil to address global energy supply issues, a move met with strong criticism from European allies.
- The US sanctions waiver will affect approximately 100 million barrels of Russian oil currently in transit and lasts until April 11.
- Key figures include US Treasury Secretary Scott Bessent, German Chancellor Friedrich Merz, French President Emmanuel Macron, and Ukrainian President Volodymyr Zelensky.
- This decision comes amidst attacks on ships and energy infrastructure in the Gulf, causing an energy supply crunch and pushing oil prices around $100 a barrel.
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