Urgent.News

What's breaking now, across thousands of outlets.

World

Zelenskiy criticizes Trump's waiver of sanctions on Russia as 'wrong'

By Kanishka Singh and Jasper Ward WASHINGTON, Oct 17 (Reuters) - US President Donald Trump's decision to waive sanctions and tariffs on Russia days before they were to take effect will "unfortunately" lead to additional relief for Russia and lead to further Russian aggression, Ukrainian PresidentVolodymyr Zelenskiy posted on Saturday. "The decision to undo all of this, to block all of it, seems…

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.

Brief written by urgent.news from Hindustan Times's own syndicated 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.

Read the original at al-monitor.com →

More in World

More from Saturday 17 October →