US Secretary of State Marco Rubio has described India as an important ally and partner of America. He said President Donald Trump wants to assess the impact of possible tariffs and sanctions on countries that buy oil and gas from Russia. The administration will use the period of 60 days for this purpose.
This statement of Rubio was made by Lindsay O. on behalf of Trump. The move comes a day after some restrictions on fuel sales to Russia were waived under the Graham sanctions law. Under this law, up to 100 percent tariff could be imposed on goods coming to America from the five largest importers of crude oil or natural gas from Russia. These countries also include India and China.
What did Rubio say about removing tariffs on Russian oil and gas?
Rubio said the proposed sanctions and tariffs could impact not just Russia, but the global economy and the US economy. “These sanctions were not just on Russia. They also include tariffs on many countries, for example India and some other countries. So I believe the President wants to use the 60-day period to analyze what impact the imposition of sanctions and tariffs will have on the global economy and even the US economy,” he said.
Marco Rubio said- India is an important partner
Rubio said India has voluntarily tried to diversify its energy sources, but it still buys a significant amount of energy from Russia. He said that it is not easy to suddenly change the sources of energy supply.
“Countries like India have voluntarily diversified their energy sources, but they are still getting a lot of energy from Russia because it is difficult to change sources of supply from one day to the next. But India is also an important ally and partner of the US. So we need time to study all these aspects and decide the right choice,” he said. Rubio is going to visit India this month. in their program jamnagar Also includes a visit to , where one of the world’s largest refineries is located.
America is also keeping the global situation in mind
Rubio said the Trump administration is also considering changed geopolitical circumstances since the creation of the Graham Act. He mentioned the pressure on global energy supply. He said the pressure on energy supplies is not limited to Iran or the Strait of Hormuz. Increasing attacks by the Houthi militia on Saudi Arabia and targeting of energy infrastructure during the Russia-Ukraine war are also impacting global prices.
According to Rubio, in view of the various ongoing conflicts in the world and challenges related to energy supply, it is important to study the possible consequences of sanctions and tariffs before taking a decision on them.
Trump gave exemption under Graham Law
On Friday, Trump used Section 115 of the Graham Law. This section gives the US President the right to exempt any foreign person from the restrictions, certain restrictions and fees imposed under the law. Trump said in the order that he has submitted a certificate to the US Congress, stating that the exemption is in the national interest of America. They have also produced a report explaining its basis.
Under sections 112 and 113 of this law, there was a provision to impose up to 500 percent duty on goods imported from Russia to America and up to 100 percent duty on goods coming from the five largest countries purchasing crude oil or natural gas from Russia.
Also mentioned about diesel supply agreement from Russia
This development has come to light after Trump announced the diesel supply agreement with Russia. According to Trump, Russia will immediately supply more than 3 lakh tons of diesel fuel. After this, 5 lakh tonnes of fuel will be supplied in November and then 10 lakh tonnes of fuel immediately thereafter.
