International
Trump Waives Sanctions Threat on Russian Oil
The Hindu2h
THE BRIEF
1
U.S. President Donald Trump waived key provisions of the SRIA Act on October 17, 2026, lifting potential 100% tariffs on countries purchasing Russian oil.
2
The decision provides purchasing flexibility to Indian refiners amid supply disruptions in West Asia, ahead of U.S. Secretary of State Marco Rubio's visit to India.
3
Russian crude accounted for 35% of India's import basket in September, down from over 50% in July, according to Kpler data.