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Saturday, 17 October 2026 | 10:57 am IST
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India

Trump Waives Russia Energy Sanctions, Offers Major Oil Tariff Relief to India

Donald Trump has waived Russia-related tariffs and key sanctions provisions, providing significant relief to India on oil imports ahead of Marco Rubio's visit. The United States has suspended the threat of 100% tariffs on major purchasers of Russian energy, with India and China being key beneficiaries. Trump invoked a national interest waiver to halt trade penalties amid rising domestic fuel prices and energy market pressures ahead of the US midterm elections. The move marks a strategic shift in Washington's approach to stabilize global energy supplies.

Trump Waives Russia Energy Sanctions, Offers Major Oil Tariff Relief to India