Yes, as of March 2026, the administration has temporarily eased sanctions to allow to purchase Russian oil. This was achieved through a series of specific 30-day waivers intended to stabilize global energy markets during the ongoing conflict with Iran.
Key Actions and Details
- India-Specific Waiver: On March 5, 2026, the U.S. Treasury issued a 30-day waiver specifically for India, allowing its refiners to buy Russian crude oil that was already loaded on tankers and "stranded at sea".
- Broader General License: Following the India-specific move, Treasury Secretary Scott Bessent announced a broader license on March 12, 2026, authorizing any country to purchase Russian oil loaded on vessels on or before March 12.
- Rationale: The administration stated these were "narrowly tailored, short-term measures" to prevent a global supply crunch and lower energy prices as conflict in the Middle East disrupted traditional shipping routes like the Strait of Hormuz.
- Scope of Relief: The waiver specifically applies to oil already in transit (estimated at over 120 million barrels) and includes authorization for supporting activities like safe docking, insurance, and emergency repairs.
- Duration: These current exemptions are scheduled to remain in effect until April 11, 2026.
Policy Context
- Previous Pressure: Prior to these waivers, the Trump administration had heavily pressured India to stop buying Russian oil, even imposing tariffs on Indian goods in 2025 to discourage the trade.
- Trade Agreements: In February 2026, India had reportedly agreed to reduce Russian oil imports in exchange for a trade deal with the U.S., but the energy crisis triggered by the Iran war forced a temporary reversal of this policy.
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