Russia launches one of largest attacks on Ukraine's energy system, hitting over 15 sites – Zelenskyy
Russia carried out one of its largest attacks on Ukraine's energy system, striking more than 15 key power generation and transmission facilities across the country, President Volodymyr Zelenskyy said on Telegram on Oct. 17.
US President Donald Trump's waiver of sanctions, restrictions, and tariffs under the Sanctioning Russia and Iran Act (SRIA) is providing relief for India's exporters and energy security, according to experts. This decision is seen as a much-needed boost for Indian industry, as it allows for continued access to competitively priced Russian crude oil, which will help moderate input costs, ease inflationary pressures, and support economic growth.
However, the waiver is temporary and does not provide the durable predictability that businesses need for long-term planning, according to Anant Swarup, Secretary General of the Federation of Indian Chambers of Commerce & Industry (FICCI). Despite this, trade experts believe that the move will help strengthen bilateral trade relations and create a positive environment for advancing India-US trade discussions.
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- US' Russia sanction waiver a relief for India's exporters, energy security: Experts economictimes.indiatimes.com
- US' Russia sanction waiver a relief for India's exporters, energy security: Experts hindustantimes.com
- Zelenskiy criticizes Trump's waiver of sanctions on Russia as 'wrong' al-monitor.com
