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 announced on Saturday that President Donald Trump has granted a 60-day moratorium on imposing sanctions and tariffs on Russia, in order to assess their effects on the global and US economies. The decision, which applies to a variety of countries involved in conflicts impacting global oil and diesel prices, allows Trump time to evaluate the consequences of the economic restrictions.
Trump's rationale is that the sanctions and tariffs, originally imposed in September by Congress, could have a detrimental impact on both economies. However, the motive behind the decision remains unclear, as Trump has not definitively stated his stance on the matter. Despite the concerns raised by US lawmakers from both political parties, who have criticized Trump for waiving the sanctions, Rubio and the President both maintain that the move is beneficial for the nation and the world.
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