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Trump's sanctions waiver offers India temporary relief, no certainty: GTRI

US President Donald Trump's waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) gives India temporary relief but offers no lasting certainty, and New Delhi should safeguard its energy security and buy oil on commercial terms, think tank GTRI said on Saturday. It said that the move gives India relief from threatened additional duties of up to 100 per cent linked to Russian oil purchases. "But the relief is reversible. Washington can restore the tariff…

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Business StandardCenter·1h ago
Trump's sanctions waiver offers India temporary relief, no certainty: GTRI
US President Donald Trump's waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) gives India temporary relief but offers no lasting certainty, and New Delhi should safeguard its energy security and buy oil on commercial terms, think tank GTRI said on Saturday. It said that the move gives India relief from threatened additional duties of up to 100 per cent linked to Russian oil purchases. "But the relief is reversible. Washington can restore the tariff…
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Trump's sanctions waiver offers India temporary relief, no certainty: GTRI

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Trump's sanctions waiver offers India temporary relief, no certainty: GTRI

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