Trump Administration's 60-Day Sanctions Pause on Russia Sparks Global Economic Analysis Focused on India

10/19/2026

U.S. Secretary of State Marco Rubio has said the waiver from sanctions on Russia and tariffs on other countries, including India, was a 60-day pause to analyse the global impact of the measure.

10/19/2026

US Secretary of State Marco Rubio also acknowledged the difficulties India faces in reducing its dependence on Russian energy.

10/18/2026

US President Donald Trump wants to take a 60-day period to analyse what imposing sanctions on Russia and tariffs on other countries would mean for the global economy, Secretary of State Marco...

10/18/2026

Marco Rubio’s remarks come after Trump waived key provisions of the Sanctioning Russia and Iran Act, also referred to as the Graham Act.

10/18/2026

The US President is weighing economic consequences and global energy pressures as Washington considers its next steps on punitive trade measures

10/18/2026

Marco Rubio said India has voluntarily diversfied its energy portfolio but is still getting qa substantial amount of energy from Russia because it is hard to pivot from one day to the next. "But...

10/18/2026

Rubio pointed to severe disruptions to global energy prices already caused by the Ukraine war, the Iran war and Houthi military strikes on Saudi Arabia.