world-economy

Ukraine Questions US Commitment on Russian Oil Restrictions

Ukraine's finance minister expressed doubt Monday about Washington's resolve on Russian crude sanctions. The US allowed its waiver for purchases of Russian oil to expire. "Well, I don't know what can we expect from the United States — it's just seeing the situation," Finance Minister Serhiy Marchenko told reporters. The expiration of the waiver removes a key exception that had permitted limited Russian oil transactions. A spike in crude prices globally has benefited Russian revenues. This complicates efforts to constrain Moscow's financial resources.