US pauses Russia sanctions for 60 days to study impact on India and global energy prices

hindustantimes.com —

The US will take a 60-day pause to assess the impact of new Russia sanctions on global energy prices and allies like India, Secretary of State Marco Rubio said Saturday. Rubio cited disruptions from the Ukraine war, the Iran conflict, and Houthi strikes on Saudi Arabia as factors requiring study before enforcing the Lindsey Graham Act, which allows tariffs up to 100% on major Russian energy buyers. President Trump waived the sanctions and tariffs on Friday, including for India, which Rubio noted is diversifying energy sources but still relies on Russia. The pause also follows a US-Russia diesel deal aimed at lowering domestic prices before midterm elections.


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