USA officially allowed the sale of Russian oil and oil products that have been loaded onto ships since 12 March 2024. This new licence will be valid until 12 April and has important restrictions on Iran-related transactions.
Details of the new US licence
According to the US Treasury Department, the new licence allows companies to sell Russian oil loaded after 12 March 2024. At the same time, it is prohibited to carry out transactions that may be related to Iran, which indicates the US desire to control possible channels for circumventing sanctions.
Impact on the global oil market
The US decision to lift sanctions for a certain period of time could lead to an increase in Russian oil supplies to the global market. This could affect oil prices and the dynamics of energy markets in general. Experts note that the temporary easing of sanctions may be due to the need to stabilise the global energy balance.
Limitations and future prospects
The new licence does not apply to transactions that may be related to Iran, which underscores the US attention to regional geopolitical risks. At the same time, the existing sanctions remain in force in other areas, and further decisions on their easing or strengthening will depend on the development of the international situation.
Thus, the United States is temporarily opening up the possibility of trading Russian oil, but controlling it through strict conditions. This move could have significant implications for energy markets and international relations.
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