The US is giving the most vulnerable countries temporary access to Russian oil

Bessent shared the issue on his social media account.

US Treasury Secretary Bessent stated that the ministry would issue a 30-day temporary general license to ensure that the most vulnerable countries have temporary access to Russian oil waiting at sea.

Bessent explained that the extension of the relevant period will provide additional flexibility and stated that we will work together on special licenses for these countries if necessary.

“This general license will help stabilize the physical crude oil market and ensure that oil reaches the countries with the greatest energy vulnerabilities,” Bessent said. gave his assessment.

US Treasury Secretary Bessent also noted that this arrangement will limit China's ability to store discounted oil and help redirect existing supply to the countries that need it most.