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๐จ๐ข๐บ๐ธ๐ท๐บ The US Treasury has allowed the sanctions waiver on Russian seaborne oil to lapse. Treasury Secretary Scott Bessent previously stated that the general license permitting the purchase of Russian oil stored on tankers at sea would not be extended. In the past, the license expired but was renewed shortly after due to market conditions and requests from Asian consumers. On May 13, reports indicated that India had again requested an extension for purchasing oil from Russia after May 16. mt ะฒ max