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U.S. considers sanctions exemptions for Russian oil
The U.S. Treasury Department announced that the Trump administration may in the future grant exemptions from sanctions for each country separately to purchase Russian oil, after having previously extended them twice amid rising global energy prices due to regional tensions. Secretary Scott Bessent noted that these exemptions had resulted in only minimal additional revenue for Russia, and that the oil had primarily been directed to China, but it may now be heading towards its allies.
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