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The Economic Times
The Economic Times
Business

Trump's waiver of Graham law curbs comes as a relief to India, other Russian energy buyers

Donald Trump Lindsey Graham India United States Tariffs Vladimir Putin Oil Russia Moscow ET

US President Donald Trump’s decision to suspend key tariffs and sanctions targeting Russia is likely to come as a relief to major buyers of Russian energy, including India.

Trump on October 17 invoked a waiver provision in the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, suspending the application of specified sanctions, restrictions and duties under the legislation.

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