Well that is a question people are asking after Treasury Secretary Scott Bessent AND Trump say the restrictions from (unnamed countries) will be coming off. Russia is the biggest benefactor of the oil price increases and soon will be raking in money thanks to Trump's war. Is that Trump's plan? Or did he not realize what he was doing? Either choice is bad.
The Trump administration has started to loosen some restrictions on Russian oil exports that were designed to pressure the Kremlin over the war in Ukraine, as Washington seeks to ease the shock in energy markets from the U.S.-Israeli attacks on Iran.
Treasury Secretary Scott Bessent on Friday issued a 30-day waiver for India to buy Russian oil already at sea without retaliation from Washington, which he said would only have a modest impact on Russia’s revenues.
Mr. Bessent later said that the United States was considering lifting more sanctions on Russian oil. And President Trump on Monday said in a news conference that his administration was “waiving certain oil-related sanctions to reduce prices.”
Mr. Trump did not say whether he was talking about the waiver for India or something else. He also stopped short of naming Russia but implied that Moscow, which has been holding peace negotiations with Ukraine mediated by Washington, would be a beneficiary.
“We have sanctions on some countries, we are going to take those sanctions off until this straightens out,” Mr. Trump said. “And then who knows, maybe we won’t have to put them on because there will be so much peace.”
The Trump administration has started to loosen some restrictions on Russian oil exports that were designed to pressure the Kremlin over the war in Ukraine, as Washington seeks to ease the shock in energy markets from the U.S.-Israeli attacks on Iran.
Treasury Secretary Scott Bessent on Friday issued a 30-day waiver for India to buy Russian oil already at sea without retaliation from Washington, which he said would only have a modest impact on Russia’s revenues.
Mr. Bessent later said that the United States was considering lifting more sanctions on Russian oil. And President Trump on Monday said in a news conference that his administration was “waiving certain oil-related sanctions to reduce prices.”
Mr. Trump did not say whether he was talking about the waiver for India or something else. He also stopped short of naming Russia but implied that Moscow, which has been holding peace negotiations with Ukraine mediated by Washington, would be a beneficiary.
“We have sanctions on some countries, we are going to take those sanctions off until this straightens out,” Mr. Trump said. “And then who knows, maybe we won’t have to put them on because there will be so much peace.”
