US Could Lift Sanctions on More Russian Oil, Says Bessent
U.S. Treasury Secretary Scott Bessent attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 20, 2026. (Reuters File)
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Treasury Secretary Scott Bessent on Friday said the United States could remove sanctions from more Russian oil, a day after Washington issued a 30-day waiver allowing the sale of Russian crude currently stranded at sea to continue to India.
“We may unsanction other Russian oil,” Bessent told Fox Business’ “Kudlow” program.
“There are hundreds of millions of sanctioned barrels of sanctioned crude on the water and in essence, by unsanctioning them, Treasury can create supply, and we are looking at that,” he added.
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(Reporting by Ismail Shakil in Ottawa and Ryan Patrick Jones in TorontoEditing by David Ljunggren and Michelle Nichols)
