US Told G-7 That Russian Sanctions Waivers Would be Limited
An oil pumpjack operates in an oil field near Samara, Russia.
Source: BloombergThe US told its Group of Seven partners that Russia sanctions relief would be temporary as it reacts to spiking energy prices amid the war in Iran, the European Union’s economy chief said.
The assurances came Monday during a call of G-7 finance ministers, held shortly after the Trump administration granted India a waiver to buy Russian oil held at sea.