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US Treasury chief defends pivot to extend Russia oil sanctions relief

Treasury Secretary Scott Bessent defended the Trump administration's decision to temporarily extend a sanctions waiver permitting the sale of Russian oil already at sea.

Published Apr 22, 2026, 12:32 PM EDT | WFMZZ

US Treasury Secretary Scott Bessent on Wednesday defended the Trump administration's recent about-face to temporarily extend a sanctions waiver. The waiver allowed the sale of Russian oil that was already at sea.