European allies riled as US loosens Russia oil sanctions - Reuters
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The Bottom Line
U.S. loosened sanctions on Russian oil, creating tensions with European allies who maintain stricter sanctions.
How This Affects You
Lower oil sanctions could reduce gas prices but may undermine international efforts to pressure Russia.
AI Summary
The US has loosened sanctions on Russian oil, prompting anger from European allies. The move has created tensions within the Western coalition that has maintained coordinated sanctions against Russia since the invasion of Ukraine.
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PoliticsSenate Democrats press for investigation into moves to ease Russia oil sanctions
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PoliticsUK urges allies to keep up pressure on Russia as US eases sanctions
Ministers say the UK will not be following the US by loosening sanctions on some Russian oil.
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US President Donald Trump said Monday that he will waive some sanctions on oil to boost supply and bring down prices, due to market turmoil over war in the Middle East. Trump did not specify any country or provide details on which sanctions would be lifted, but his comments came after speaking to Russia’s Vladimir Putin, a country that has been put under strict oil sanctions by the US and Europe since the invasion of Ukraine.
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