GTRI says US sanctions waiver gives India only temporary relief

17 Oct 2026, 11:31 am IST·1 source·Medium coverage confidence

In short

GTRI says India has got a temporary break from US sanctions and tariff pressure over Russian oil. The think tank said the threatened extra duties could be as high as 100%.

The relief may not last because Washington can reverse it at any time. India still does not know if the waiver will stay in place or what the US will do next.

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Publisher's headline: “Trump's sanctions waiver offers India temporary relief, no certainty: GTRI”

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Sources used for this explanation: Business Standard Economy & Policy

What the reporting says

GTRI said Donald Trump’s waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act gives India temporary relief on Russian oil purchases. The think tank said the threatened additional duties could reach up to 100 per cent, but Washington can restore them at any time. The immediate consequence is uncertainty for India’s energy policy, with GTRI urging New Delhi to buy oil on commercial terms and protect energy security.

Why it matters

GTRI said the US waiver under the Sanctioning Russia and Iran Act gives India temporary relief from sanctions, restrictions and tariffs tied to Russian oil buying. The report says the threatened duties could be as high as 100 per cent and that the relief is reversible. This affects India’s energy security and trade planning, but the longer-term US position is not stated.

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Business Standard Economy & PolicyRead the original ↗

GTRI says US sanctions waiver gives India only temporary relief

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