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Trump's sanctions stance favors US-India trade
Trump's decision to lift sanctions on Russia aims to ease pressures on Indian energy imports, one of the largest importers of Russian oil, and to help strengthen the prospects of reaching a trade agreement between India and the United States. Trump has issued an executive order exempting certain shipments from the sanctions imposed on Russian oil and gas, which could have faced tariffs of up to 100% under the Graham Law. This exemption seeks to protect U.S. national interests, especially as negotiations between Washington and New Delhi continue. It comes at a time when India's oil imports from Russia are declining, which could impact fuel prices and public finances during the Indian elections.
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