Washington DC, June 2 -- US Secretary of State Marco Rubio on Tuesday said the United States would prefer to end its extension of waivers on Russian oil "as soon as possible", while noting that such decisions ultimately rest with the US Treasury Department.

Addressing the Senate Foreign Relations Committee, Rubio said the continuation of waivers depends on prevailing circumstances in global energy trade and broader US policy considerations.

"That ultimately is a decision that's made by [US] Treasury, but I will tell you, it depends on the circumstances. At the time, we would like to end it as soon as we possibly can, because the underlying policy of this country has been to sanction their oil. These are time-limited waivers for the purp...