India seen keeping Russian oil imports near current levels
In short
India is expected to keep buying Russian crude at about the same level. This comes after Donald Trump waived sanctions and tariffs under a new law.
The waiver was issued late on Friday, just before a 30-day deadline expired. The report does not give a new import number or say how long the waiver will last.
What the reporting says
India is expected to keep importing Russian crude near current levels after US President Donald Trump waived sanctions and tariffs under the Lindsey O. Graham Sanctioning Russia and Iran Act. The waiver came by executive order late on Friday, a day before a 30-day enforcement deadline expired, and the law had allowed tariffs of up to 100% on goods from major buyers of Russian crude and gas. The reporting does not give a new import volume or say how long the waiver will last.
Why it matters
India’s Russian oil purchases are expected to stay close to current levels after President Donald Trump issued an executive order waiving sanctions, restrictions and duties under the Lindsey O. Graham Sanctioning Russia and Iran Act. The law had threatened tariffs of up to 100% on goods from the biggest importers of Russian crude and gas. The reporting implies relief for oil import flows, but it does not quantify India’s shipments or the duration of the waiver.