The United States has given India a temporary waiver to import Russian oil, allowing shipments already en route to reach Indian ports. The move comes amid global supply disruptions, and US Treasury Secretary Scott Bessent, a senior aide to Donald Trump, praised India, saying the country had “been very good actors” in complying with US sanctions.
The waiver covers oil cargoes that were loaded before March 5, 2026, and will remain valid for 30 days, until April 3, 2026. Indian refiners can now safely receive these shipments without violating US restrictions, providing short-term relief amid rising global energy uncertainty.
Bessent noted that India had previously cut down its purchases of sanctioned Russian oil and explored alternative sources, including crude from the United States. “The Indians have been very good actors… we had asked them to stop buying sanctioned Russian oil, and they did,” he said. This cooperation helped convince Washington to grant the temporary waiver.
US officials stressed that the measure is strictly temporary and applies only to shipments already in transit. The decision is aimed at maintaining stability in global oil markets, preventing sudden shortages or sharp increases in fuel prices, particularly as tensions continue in the Strait of Hormuz, a major energy shipping corridor.
India relies heavily on imported oil, with nearly 90% of its crude coming from abroad, making uninterrupted supply crucial for industries, transportation, and everyday life. The temporary waiver ensures that India’s energy needs are met even as international markets face volatility.
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