Rubio: India needs time to shift from Russian oil as US pauses sanctions

moneycontrol.com —

US Secretary of State Marco Rubio said President Donald Trump wants a 60-day pause to analyze the global economic impact of sanctions and tariffs on Russian oil, granting temporary relief to India. Rubio acknowledged India's significant reliance on Russian energy, noting it cannot shift suppliers overnight. The waiver, under the Sanctioning Russia and Iran Act, allows time to weigh supply pressures from the Iran war, Houthi attacks, and the Russia-Ukraine conflict. The decision precedes Rubio's visit to India on Monday. He emphasized India's voluntary diversification efforts while assessing how to balance pressure on Moscow against consequences for international trade and energy markets.


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Rubio: India needs time to shift from Russian oil as US pauses sanctions | News Minimalist