HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
Trump’s sanctions waiver under SRIA provides temporary respite for India: GTRI
Oct-19-2026

The Global Trade Research Initiative (GTRI) said that US President Donald Trump's waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) provides India temporary relief but offers no lasting certainty. India should safeguard its energy security and buy oil on commercial terms. 

GTRI stated that the decision provides India with relief from the threatened imposition of additional duties of up to 100 per cent over its purchases of Russian oil. It noted ‘But the relief is reversible. Washington can restore the tariffs anytime, leaving India and other buyers uncertain about future US action.’

Moreover, it said SRIA remains a law, leaving Washington free to revive the tariff threat to extract concessions in bilateral trade talks. It added that Russia’s share of India’s oil imports declined 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.

  RELATED NEWS >>