US Treasury Allows Sale of Russian Oil on Ships Until May 16

U.S. Treasury Allows Delivery and Sale of Russian Oil Loaded on Ships Until May 16 The U.S. Treasury Department has authorized the delivery and sale of Russian oil loaded onto vessels, with the authorization remaining in effect until May 16. The move permits the continued transport and commercialization of Russian crude that has already been loaded onto ships, even as broader sanctions on Russian energy exports remain in place. Officials said the authorization aims to avoid disruptions to global energy markets while maintaining pressure on Russia’s revenue streams from oil sales. The development underscores the ongoing balancing act between enforcing sanctions and ensuring stability in international oil supplies. The authorization applies specifically to oil that was loaded onto ships prior to the cutoff date, allowing transactions to proceed under strict conditions. Market analysts noted that such measures facilitate prevent sudden price spikes by allowing existing cargoes to reach their destinations without delay. The U.S. Treasury emphasized that the authorization does not permit new loading of Russian oil onto ships after the specified date. The decision reflects continued efforts to manage the economic impact of sanctions while limiting Moscow’s ability to fund its military operations. The authorization will remain in place until May 16, after which further actions may be considered based on evolving circumstances.