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US Implements 60-Day Sanctions Waiver for Russian Oil, Allowing Continued Purchases by India and China

US Implements 60-Day Sanctions Waiver for Russian Oil, Allowing Continued Purchases by India and China

US says sanctions waiver is a 60-day pause, reveals Europe refused to target India, China over Russian oil
US says sanctions waiver is a 60-day pause, reveals Europe refused to target India, China over Russian oil

Scott Bessent revealed that the US had asked its European allies to impose secondary sanctions on China and India for buying Russian oil, but they refused.

Why the US may want India to keep buying Russian oil despite sanctions threats
Why the US may want India to keep buying Russian oil despite sanctions threats

The US wants to pressure Russia over its war in Ukraine but risks driving up global oil prices if India and China cut Russian oil purchases.

60 Days, No Punitive Tariffs: What Trump's Sanctions Waiver On Russian Oil Means For India
60 Days, No Punitive Tariffs: What Trump's Sanctions Waiver On Russian Oil Means For India

India is temporarily shielded from steep additional U.S. tariffs and trade restrictions that were scheduled to bite under the new legislation just ahead of an impending deadline

Russia sanctions waiver is a 60-day pause; Europe refused to target India, China over oil: US
Russia sanctions waiver is a 60-day pause; Europe refused to target India, China over oil: US

The decision has triggered political opposition in Washington, with lawmakers questioning its implications for Ukraine and the enforcement of sanctions against Moscow.

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