A boost for Moscow in the shadow of Iran war: US allows India to buy Russian oil for a month

Reporting cited here

1. reported

   Treasury said the earlier India waiver covered stranded cargo and would not provide significant financial benefit to Russia. Cargo values, discounts, taxes, and seller ownership are insufficient for a defensible revenue estimate.

   Estimated 125 million barrels eligible; Treasury response that benefit to Russia would not be significant

   Who Won from Russia Sanctions Relief? — Administration response · Administration response

2. documented

   General License 134B relaxed transaction prohibitions for a bounded class of Russian-origin cargoes through May 16, 2026, and General License 134C superseded it on May 18. The available evidence names no completed counterparties, quantifies no captured value, and does not show the licenses lifting broader Russia sanctions.

   Estimated 125 million barrels eligible; Treasury response that benefit to Russia would not be significant

   Who Won from Russia Sanctions Relief? — Audit finding · Cited analysis