Kremlin says Russia has learnt to minimise impact of sanctions after US decides not to renew oil waiver

The Kremlin said Russia has learned to minimize the impact of sanctions after U.S. Treasury Secretary Scott Bessent said the U.S. will not renew a waiver allowing buyers to purchase some Russian oil without facing U.S. sanctions. The move tightens enforcement pressure on Russian crude flows and could add friction to energy trade channels. The immediate market impact is moderate, with the main risk centered on oil supply sentiment rather than a direct shock to volumes.

Analysis

The Kremlin said Russia has learned to minimize the impact of sanctions after U.S. Treasury Secretary Scott Bessent said the U.S. will not renew a waiver allowing buyers to purchase some Russian oil without facing U.S. sanctions. The move tightens enforcement pressure on Russian crude flows and could add friction to energy trade channels. The immediate market impact is moderate, with the main risk centered on oil supply sentiment rather than a direct shock to volumes.