The U.S. has once again allowed Russia to earn €2 billion a week from oil 0 20

This decision became known just two days after Washington renewed sanctions against Russian oil, not extending the exemption. According to sources, the U.S. changed its decision because several countries requested more time to purchase oil from Russia. As noted by Reuters, the easing of restrictions will remain in effect for another month. In recent months, the average payment for oil supplies from Russia has reached €2.07 billion a week, according to Bloomberg. It is noteworthy that the United States has eased sanctions against Russian oil in an attempt to alleviate supply shortages and stop the price increase caused by Iran's closure of the Strait of Hormuz. These exemptions have sparked controversy, especially among European allies, who believe that sanctions are necessary to deprive Russia of revenue from oil sales and deny Moscow funding for the war in Ukraine. However, some countries, particularly India and Indonesia, have approached the U.S. requesting an extension of the sanctions exemptions, as the war with Iran and the near-total closure of the Strait of Hormuz are depriving global markets of millions of barrels of oil daily.