Warren, Shaheen urge Trump administration not to extend Russian oil sanctions waiver
Key takeaways
- They called on the department to finally end its ill-conceived policy of helping Russia make even more money from President Trump s reckless war in Iran.
- With the average price of gas above $4.50 a gallon, there is no evidence that this license is reducing costs for American families burdened by the President s conflict in the Middle East, their letter reads.
- Ahead of the waiver s expiration, India called on the U.S. to extend the waiver, people familiar with the matter told Bloomberg.
Why this matters: political developments that affect policy direction and public trust.
Jeanne Shaheen (D-N.H.) and Elizabeth Warren (D-Mass.) on Friday called on the Trump administration to not extend a waiver on sanctions for anyone who purchases oil from Russia, which is set to expire just after midnight on Saturday.
Tonight, when the current license for Russian oil expires, it should not be renewed, Shaheen, the ranking member of the Senate Foreign Relations Committee, and Warren, the Senate Banking, Housing, and Urban Affairs Committee s ranking member, said in a letter to the Treasury Department about the waiver, General License 134B.
They called on the department to finally end its ill-conceived policy of helping Russia make even more money from President Trump s reckless war in Iran.