Slick diplomacy: Trump’s crude u-turn on Russia sanctions bails out India
For months, President Donald Trump and his supporters threatened to "crush" India's economy for purchasing Russian oil. However, the United States faced soaring fuel prices and a looming mid-term election defeat, prompting the president to reverse his stance. In an executive order issued on Friday, most of the Russia sanctions were put on hold, effectively exempting India.
The presidential U-turn invoked the authority to waive provisions of the Graham Act, which included 500% tariffs on Russian goods and 100% tariffs on the top buyers of Russian oil and gas. The waiver came after Trump announced a deal with Vladimir Putin to buy Russian diesel fuel, despite his administration's turn against Ukraine.
While the executive order leaves room for reversing sanctions, Trump's decision risks becoming less of an instrument of coercion and more of a negotiating prop. India, relieved of the prospect of high tariffs, may be seen as bargaining for economic advice from Washington. Despite the relief, the political embarrassment and diplomatic debacle stemming from the bill's authors' harsh rhetoric remains unresolved.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Trump waives several Russia sanctions as row with Zelensky intensifies kbc.co.ke
- Trump puts new Russia sanctions that he recently signed into law on hold, citing national interest globalnews.ca
- Trump’s Russia sanctions reversal deepens rift with Zelensky as Europe rallies behind Kyiv malaymail.com
- Trump signs executive order waiving new Russia sanctions package euronews.com
- Trump puts new Russia sanctions that he recently signed into law on hold, citing national interest koreatimes.co.kr
- Trump waives new Russia sanctions as relations with Ukraine slump dailytimes.com.pk
- Trump waives several Russia sanctions as row with Zelensky intensifies peopledaily.digital
- World : Trump Waives Tariffs, Many Sanctions Under New Russia Sanctions Law bernama.com