The statement comes just after the Trump administration allowed a key sanctions waiver to expire over the weekend, raising concerns in international circles. But New Delhi appears unfazed.

The US Treasury Department has extended for another 30 days a sanctions waiver allowing at-risk countries to purchase Russian oil shipments at sea, as supply disruptions linked to the US-Israeli conflict with Iran continue to roil global energy markets.

U.S. Treasury extends sanctions waiver on Russian oil for 30 days to aid vulnerable countries impacted by Gulf supply disruptions.

U.S. Treasury extends sanctions waiver on Russian oil for 30 days to aid vulnerable countries impacted by Gulf supply disruptions.

The Trump administration has allowed a controversial waiver on sanctions targeting Russian seaborne oil to expire, reimposing restrictions that had temporarily enabled countries such as India to continue purchasing Russian crude despite Western efforts to curb Moscow’s wartime revenues.

The move was announced during a meeting of G7 finance ministers, surprising America’s European allies.

New Delhi : India will steadfastly maintain its procurement of Russian crude oil regardless of the status of Washington's sanctions waivers, a senior

Treasury Secretary Scott Bessent says the U.S. will give a 30-day extension for countries to import Russian oil already in tankers at sea.

Two days after U.S.’ second waiver on Russian oil purchases expired, the government emphasised that India’s oil-marketing companies (OMCs) would continue purchasing crude from Moscow should they be commercially viable.