60 Days, No Punitive Tariffs: What Trump's Sanctions Waiver On Russian Oil Means For India - News18

The headline reports that a US sanctions waiver on Russian oil comes with a 60-day window during which punitive tariffs on India are not applied, according to News18. The main transmission channel is crude supply: a temporary easing of sanctions on Russian barrels can widen the pool of discounted supply available to India, the world's third-largest oil importer, which tends to ease pressure on Brent and on India's import bill. Indian assets most exposed are the rupee and oil marketing and refining equities, since cheaper crude improves the trade balance and margins, while the tariff carve-out reduces near-term

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