US grants temporary waiver for Russian oil shipments, brings relief to India, China and other importers

The U.S. has provided relief to the global energy market by granting a temporary waiver on Russian oil supplies. This decision remains in effect until May 16, though sanctions against Russia will continue. This measure has led to a decline in oil prices.

Post Published By: Karan Sharma

Updated : 18 April 2026, 5:21 PM IST

The Centre has reiterated that it does not require permission from any country to purchase crude oil

New Delhi: Taking a significant decision, the United States Department of the Treasury has granted a temporary waiver regarding the supply of Russian crude oil and petroleum products. This waiver applies to oil shipments that were loaded onto vessels by April 17.

This waiver will remain in effect until May 16. It means that oil already at sea can reach its intended destination and be delivered to buyers. This ensures that the supply of oil in the global market remains uninterrupted.

Why was this decision taken?

The US states that this step was taken to stabilize the global energy market. Amid rising prices and concerns regarding supply, it was deemed essential to ensure the continued availability of oil in the market.

Sanctions Still Remain in Place

Although this relief is temporary, the major economic sanctions imposed on Russia remain in force. The US has clarified that this does not constitute a change in policy, but is merely a limited and necessary measure.

Impact of Global Pressure

According to sources, several countries—including those in Asia—had pressured the US to grant such a waiver, as energy prices were surging due to tensions involving Iran. This issue was also raised during G20 and other international meetings.

Drop in Oil Prices

Driven by this decision and other positive signals, the global oil market witnessed a decline in prices. The price of Brent crude fell by approximately 9% to reach $90 per barrel—news that brings relief to the market.

Opposition and Concerns Persist

Some US and European leaders have expressed concerns regarding this decision. They believe that this move could potentially weaken the sanctions imposed on Russia and allow it to derive economic benefits.

A Benefit for Russia

This decision is being viewed as a major relief for Russia. It provides the country with an opportunity to sell its oil and sustain its revenue streams, even while sanctions remain in effect.

This move by the U.S. represents an attempt to strike a balance—maintaining pressure on Russia on one hand, while managing the global energy crisis on the other. However, the repercussions of this decision are likely to be felt in future political developments and market dynamics.