Trump Grants 60-Day Review of Russia Sanctions Impact on Global Economy

US Secretary of State Marco Rubio said President Donald Trump is using a 60-day period to assess the global economic impact of sanctions on Russia and tariffs on other nations, following Trump's waiver of sanctions under the Graham Act. Rubio made the remarks on Saturday before a week-long trip to Uzbekistan and India, noting the analysis will weigh factors like the Iran war, Houthi attacks, and the Ukraine-Russia conflict. He acknowledged India's substantial Russian energy imports, calling it a key US ally that cannot pivot quickly. Trump's Friday executive order waived punitive tariffs on countries buying Russian oil, providing relief to India. The waivers remain in effect until the President or Secretary of State, with Treasury and Trade Representative consultation, determines further action is appropriate.