Zelenskyy says US 30-day waiver on Russian oil sanctions is ‘not the right decision’
AI Summary
Ukrainian President Volodymyr Zelenskyy stated that the U.S. 30-day waiver on Russian oil sanctions is "not the right decision" during a visit to Paris on Friday. He believes this easing of sanctions could provide Russia with approximately $10 billion to fund its ongoing war in Ukraine. Zelenskyy argued that lifting sanctions strengthens Russia's position, as it uses energy sales revenue to purchase weapons used against Ukraine. The U.S. Treasury Department announced the waiver to free up stranded Russian oil cargoes and alleviate supply shortages caused by the Iran war. Analysts suggest rising oil prices due to production blockages in the Persian Gulf are benefiting the Russian economy, which relies on oil revenue to finance its invasion.
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