US issues temporary waiver for Russian oil sanctions

The United States issued a 30-day waiver allowing the purchase of Russian oil that was already at sea when sanctions were imposed. The waiver is meant to deal with oil that was already purchased and in transit, preventing it from being stranded.

US Energy Secretary Jennifer Granholm defended the move, saying fear of supply shortages was driving up gas prices. The decision has caused friction with some European allies and the UK, who are urging continued pressure on Russia.