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U.S. Eases Limits on Russian Energy as Oil Prices Soar
Tags: Current Focus, United States, Russia, Japan, South Korea, India, Oil & Gas, Renewable Energy, Capital Markets, The Economy, Inequality / Upward Mobility, Movement for Renewal of America, 2. Cost of Living Action, 8. U.S. Investment by Government+ Private, 10. Health- Body/Mind Wellbeing for All ,
One way to ease the supply of oil cutoff from the Middle East to Asia (to India, Japan and South Korea) is to ease sanctions on the oil on tankers on the sea (large inventories at sea) and from Russia. US president DJT says -“We have sanctions on some countries, we are going to take those sanctions off until this straightens out. And then who knows, maybe we won’t have to put them on because there will be so much peace."
Treasury Secretary Bessent says the same thing that “waiving certain oil-related sanctions to reduce prices," would be good way to ease the impact of the war on prices.
This will help Russia balance its budget and who knows it may make it possible to open up new discussions for peace in Ukraine as the US acts as an intermediary in negotiations to end the war. From the larger interest of US, China, India + Indonesia, of Russia and Ukraine, and of Europe,it makes sense to end that war.
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