India’s Russian crude binge to continue after Trump waives new sanctions law
U.S. President Donald Trump has issued an executive order waiving sanctions and tariffs on major importers of Russian crude oil, including India. This decision allows Indian refiners to continue purchasing Russian oil at current levels, avoiding the 100% tariffs mandated by the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026.
Why it matters
The waiver ensures the stability of global energy markets and prevents a significant disruption to India's energy supply chain, which has become heavily reliant on discounted Russian crude since 2022.
India’s Russian crude binge to continue after Trump waives new sanctions law left Image used for representation purpose only Getty Images/iStockphoto Getty Images/iStockphoto https://th-i.thgim.com/public/sport/cricket/scepn2/article71595898.ece/alternates/FREE_1200/Russiancrude.jpg natatravel Steel drum, barrel with Russian flag, 3D rendering isolated on white background The law authorised tariffs of up to 100% on goods from the five largest importers of Russian crude and gas, and sanctions on Russia's shadow fleet of tankers New Delhi India is expected to keep importing Russian crude at close to current levels after U.S. President Donald Trump waived sanctions and tariffs mandated by a new law on major buyers of Russian oil, analysts said. Donald Trump waives sanctions, tariffs on purchase of Russian oil and gas storyline 1 Mr. Trump issued an executive order late on Friday (October 16, 2026) waiving the "sanctions, restrictions, and duties" under the Lindsey O.
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