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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Trump shouldn’t ease Russia sanctions – they are choking its economy

Russia United States Oil Donald Trump Vladimir Putin Economy European Union India Ukraine Europe
An oil tanker at anchor near the Kozmino terminal near the port city of Nakhodka, Russia
An oil tanker at anchor near the Kozmino terminal near the port city of Nakhodka, Russia. Putin’s regime survives on the hard currency provided by oil revenues. Photograph: Tatiana Meel/Reuters

Donald Trump handed Vladimir Putin a financial lifeline last week when he waived a ban on India buying Russian oil for 30 days.

Trump found himself in a furious row last year with Narendra Modi over his country’s oil deals with Moscow, only for fences to be partly mended when India’s biggest importer later capitulated.

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