18-October-2026
Economy News
 
Trump waives trade penalties on Russian oil purchases, offers India temporary relief
17-Oct-2026

US President Donald Trump has waived several sanctions and trade penalties under a new law targeting Russia and buyers of its oil and gas, while retaining the power to restore the measures, the White House said. These measures include trade penalties linked to Russian oil and gas purchases. For India, the waiver eases the immediate threat of additional tariffs linked to oil purchases from Moscow.

News Source:- https://www.financialexpress.com/business/news/trump-waives-trade-penalties-on-russian-oil-purchases-offers-india-temporary-relief/4363550/?ref=hometop_hp
 
 
 

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