Trump's sanctions waiver offers India temporary relief, no certainty: GTRI ...Middle East

Business Standard - Economy
Trumps sanctions waiver offers India temporary relief, no certainty: GTRI
US President Donald Trump's waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) gives India temporary relief but offers no lasting certainty, and New Delhi should safeguard its energy security and buy oil on commercial terms, think tank GTRI said on Saturday. It said that the move gives India relief from threatened additional duties of up to 100 per cent linked to Russian oil purchases. "But the relief is reversible. Washington can restore the tariffs anytime, leaving India and other buyers uncertain about future US action," the Global Trade Research Initiative (GTRI) said. It also said SRIA remains a law, leaving Washington free to revive the tariff threat to extract concessions in bilateral trade talks. The think tank added that Russia's share of Indian oil imports fell from 51 per cent in July to 44 per cent in August as India bought more from the US, despite higher prices, and from the UAE. "For India, the waiver buys time but offer

Hence then, the article about trump s sanctions waiver offers india temporary relief no certainty gtri was published today ( ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Trump's sanctions waiver offers India temporary relief, no certainty: GTRI )

Apple Storegoogle play

Last updated :

Also on site :