US Eases Sanctions, Allows India to Buy Russian Oil Amid Global Supply Concerns
Via dw.com, Zerohedge, Business-standard and Bloomberg
- •The US has temporarily waived sanctions to allow India to purchase Russian oil again.
- •This decision comes amid concerns over global oil supply and was made under President Trump's administration.
- •US Treasury Secretary Scott Bessent suggested further easing of sanctions might occur to address supply gaps.
- •This move follows a previous US-India trade deal which involved India stopping Russian oil purchases.
- •The geopolitical landscape, particularly the Straits of Hormuz situation, influences this decision.