Macron says US exemptions from Russian oil sanctions are temporary and limited

LootboxPhobia · 2026-03-13T13:57:10+00:00

French President Macron stated that the U.S. exemption from sanctions on certain Russian oil is temporary, and the Group of Seven remains committed to maintaining its sanctions stance. Despite tensions in the Middle East, Macron emphasized that Europe will continue to support sanctions measures against Russia. The 30-day exemption issued by the United States has drawn criticism from European allies.

LootboxPhobia

2026-03-13 13:57:10

Abstract generation in progress

Investing.com – French President Emmanuel Macron said on Friday that the exemptions granted by the U.S. for certain Russian oil sanctions are temporary and limited, and emphasized that despite ongoing conflicts in the Middle East, the G7 remains committed to maintaining sanctions on Russian oil.

Macron confirmed at a press conference in Paris with Ukrainian President Volodymyr Zelensky that the U.S. has granted limited exemptions from Russian oil sanctions.

The French president stressed that the G7’s unified stance remains to uphold sanctions against Russia. He added that European countries and France intend to maintain these sanctions and stated that the current situation is not sufficient reason to lift them.

On Friday, the U.S. issued a 30-day exemption allowing countries to purchase sanctioned Russian oil and oil products stranded at sea. The exemption aims to address soaring oil prices.

This move drew criticism from Germany and other European allies on Friday, but Moscow welcomed the decision.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes