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Treasury Secretary Scott Bessent said the temporary license would allow purchases of Russian oil stranded at sea without providing significant financial benefit to the Russian government.
The Treasury authorized a 30-day window for countries to buy Russian oil already loaded onto vessels, and oil prices fell after the announcement. Treasury Secretary Scott Bessent said the measure was narrowly targeted; President Donald Trump commented on the energy-price surge, drawing criticism from Senator Mark Kelly.
Treasury secretary who described the purpose and scope of the oil license
President whose remarks about higher energy prices drew criticism
Trump's version of this story ↗
U.S. senator who criticized Trump's remarks
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