US to take 60-day pause to assess Russia sanctions impact on India, global energy prices: Marco Rubio

The Trump administration will take a 60-day break to evaluate the effects of imposing severe sanctions on Russia and its trading partners, including India, for the global economy, stated US Secretary of State Marco Rubio on Saturday. In his explanation of the administration's decision to waive sanctions on Russia under the Lindsey Graham Act, Rubio cited the significant disruptions to global energy prices caused by the ongoing conflicts in Ukraine, Iran, and the Houthis' attacks on Saudi Arabia.

He argued that these factors, along with the war in Ukraine, have been contributing to increased energy prices worldwide. Rubio emphasized the need for a comprehensive assessment of all these factors before taking any further action. He also noted that the Graham Act's provisions could potentially affect US partners like India, which has been relying on Russian energy despite its efforts to diversify its energy sources.

Rubio highlighted the importance of India as a crucial ally and partner for the United States and the need to carefully consider all the implications before deciding on the appropriate course of action.