US Could Lift Sanctions on More Russian Oil, Says Bessent

(Reuters) – Treasury Secretary ​Scott Bessent on Friday ‌said the United States could remove sanctions from more ​Russian oil, a ​day after Washington issued a ⁠30-day waiver allowing ​the sale of Russian ​crude currently stranded at sea to continue to India.

“We may ​unsanction other Russian oil,” ​Bessent told Fox Business’ “Kudlow” program.

“There ‌are ⁠hundreds of millions of sanctioned barrels of sanctioned crude on the water ​and in ​essence, ⁠by unsanctioning them, Treasury can create ​supply, and we ​are ⁠looking at that,” he added.

Reporting by Ismail Shakil ⁠in ​Ottawa and Ryan ​Patrick Jones in Toronto Editing by ​David Ljunggren and Michelle Nichols

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