Russian Oil

NATO alliance leaders have called on President Trump to lift the recent suspension of sanctions on Russian oil, citing risks to European security and energy markets following U.S. waivers for stranded cargoes. The plea comes as global gas prices rise, with EU officials pushing back against the U.S. policy shift. Transatlantic friction escalates as Trump prioritizes American consumers, potentially straining alliance unity ahead of summits. Energy experts predict prolonged market volatility if policies remain divergent.

The U.S. under President Trump expanded waivers on Russian oil sanctions to all buyers, including easing restrictions on stranded oil at sea, aiming to tame surging domestic gas prices amid global tensions. EU officials pushed back against the move, while NATO leaders urged reversal of the suspension to pressure Russia. The policy shift matters as it balances inflation control against geopolitical leverage in Ukraine support, potentially providing Russia billions. Next steps include monitoring price impacts and possible congressional pushback before midterms.

EU leaders criticized President Trump's March 13, 2026, decision to lift sanctions on Russian oil, estimating it could provide Moscow with $10 billion for its Ukraine war efforts. Ukrainian President Zelenskyy called the move a direct boost to Russia's 'war machine' amid ongoing Middle East escalations. The policy shift exacerbates transatlantic tensions as Poland's President Duda vetoed EU defense loan access. Analysts warn it risks prolonging conflicts on multiple fronts.

EU leaders criticized President Trump's decision to lift sanctions on Russian oil, arguing it provides Moscow with $10 billion to support its war against Ukraine. Ukrainian President Zelenskyy stated the move 'does not help peace in Ukraine' and enables Russia's war machine. The criticism comes amid Poland's President Duda vetoing legislation for €44 billion in EU defense loans, escalating domestic political tensions. US policy shift highlights transatlantic rift over energy and conflict strategies.

EU leaders criticized President Trump's decision to lift sanctions on Russian oil, arguing it provides Moscow with $10 billion to support its war against Ukraine. Ukrainian President Zelenskyy stated the move 'does not help peace in Ukraine.' The policy shift occurs amid global energy disruptions from the Iran conflict. Polish President Carolski vetoed legislation for €44 billion in EU defense loans, escalating domestic political tensions.

‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipmentsBusiness live – latest updatesThe US has temporarily allowed India to buy Russian oil currently stuck at sea in an effort to keep global supplies flowing and temper further price increases.The US treasury has issued a 30-day waiver allowing India to buy Russian oil, having previously imposed heavy sanctions related to the war in Ukraine. Continue reading...

The US announced a 30-day easing of Russian oil sanctions on March 13, 2026, following a joint international release of record oil reserves that failed to curb barrel prices amid the Iran conflict. This move aims to alleviate rapidly rising energy costs for American consumers as global volatility persists. Despite the releases, oil prices remain elevated due to Iran's effective closure of the Strait of Hormuz, through which 20% of world traded oil passes. Analysts warn that prolonged war could exacerbate inflation and economic pressures in the US.