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President Wants 60 Days to Analyse Impact of Russia Sanctions Law: Rubio
President Donald Trump wants 60 days to assess how Russia sanctions and tariffs on other countries could affect the global and U.S. economies, Secretary of State Marco Rubio said.
Trump waived key provisions of the Graham Act that authorized punitive tariffs on countries buying Russian oil, providing relief to India.
Rubio said the waivers allow the administration to study global energy pressures linked to the Iran war, Houthi attacks in Saudi Arabia, and the Russia-Ukraine war.
Rubio said India remains an important U.S. ally despite relying substantially on Russian energy because changing suppliers takes time.