Trump paused Russia sanctions to ‘analyse’ impact on global economy, says Rubio
The US secretary of state says various conflicts are impacting global energy prices, including the US war on Iran and attacks on Saudi Arabia by Yemen's Houthis.
US Secretary of State Marco Rubio revealed on Saturday that President Donald Trump had paused sanctions and tariffs on Russia for a 60-day period to assess their impact on the global and US economies. The president aimed to understand the consequences of imposing economic restrictions on multiple countries, including conflicts like the US war on Iran and attacks by Yemen's Houthis.
These conflicts were affecting global oil and diesel prices, as well as overall economies. Trump's decision was seen as beneficial for the US, though it remained uncertain if he had fully decided on the matter. The move faced criticism from US lawmakers across the political spectrum, with some arguing that it was irresponsible and a favor to Russian President Vladimir Putin.
Despite the controversy, Trump's executive order exempted Russia from the economic restrictions initially set by Congress to target Putin and his war on Ukraine. The decision was made amid concerns about rising diesel prices due to the Iran conflict, which were starting to affect the US economy, particularly impacting voters heading into key midterm elections.
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