Turkey Says US Has Extended Its Russian Gas Sanction Waiver
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The US has agreed to extend a sanction waiver, which would allow Turkey to continue buying Russian natural gas until May, according to a Turkish official with direct knowledge on the matter.
The three-month exemption granted to Turkey was set to expire on March 20. More than 45% of the country’s gas imports came from Russia last year, according to Bloomberg calculations based on data from the national energy regulator. Those supplies have been crucial during a colder-than-usual winter and will remain important in the summer because hydropower generation is expected to decline.