00:00Yes, I have spoken to the president about it and the president and the secretary of treasury and the whole
00:05national security team came to this decision because our allies in India, as you know, Lalit, have been good actors
00:11and have previously stopped buying sanctioned Russian oil.
00:14So as we work to appease this temporary gap of oil supply around the world because of the Iranians, we
00:20have temporarily permitted them to accept that Russian oil.
00:23And this Russian oil was already at sea. It was already out on the water. So this short term measure,
00:29we don't believe it will provide significant financial benefit to the Russian government at this time.
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