Bessent Says US Could Ease Sanctions on More Russian Oil

‘We’re going to keep a cadence of announcing measures to bring relief to the market during this conflict,’ Treasury Secretary Scott Bessent said.

Treasury Secretary Scott Bessent testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 5, 2026. Madalina Kilroy/The Epoch Times

U.S. Treasury Secretary Scott Bessent said on March 6 that the United States may consider easing sanctions on more Russian oil after granting India a 30-day waiver to purchase Russian crude.

The Trump administration previously raised tariffs on India over its imports of Russian oil, as the United States seeks to cut off funding for Russia’s war and pressure Moscow to end its war in Ukraine.