US Oil Waiver Includes 100Million Barrels Loaded Onto Vessels

RunWithRugs · 2026-03-16T12:18:18+00:00

The Russian Direct Investment Fund's Kirill Dmitriev announced that the U.S. will ease restrictions on about 100 million barrels of Russian oil, acknowledging the need for Russian oil to stabilize global energy markets amidst rising crises.

RunWithRugs

2026-03-16 12:18:18

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(MENAFN- The Peninsula) QNA

Moscow, Russia: Head of the Russian Direct Investment Fund, Kirill Dmitriev said that the United States’ decision to waive some restrictions on Russian oil would apply to about 100 million barrels of oil that had already been loaded onto vessels.

In a post on his Telegram channel, Dmitriev said that US Treasury Secretary Scott Bessent had announced not only the easing of restrictions on India regarding purchases of Russian oil but also the lifting of all restrictions on roughly 100 million barrels of Russian oil that were still on their way to markets.

He added that easing restrictions on Russian energy products appeared increasingly inevitable in light of the worsening global energy crisis, despite opposition from some officials in the European Union.

The Russian official said that by lifting restrictions on Russian oil, the United States was effectively acknowledging that the global energy market cannot remain stable without Russian oil.

The United States said it issued a temporary license allowing the sale and delivery of Russian crude oil and petroleum products that had already been loaded onto ships, in a move aimed at expanding supply in global energy markets and helping stabilize prices.

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