India returns to Russian oil: 30-day waiver on US sanctions

The United States has granted New Delhi a temporary 30-day waiver to import Russian oil, partially lifting the restrictions imposed by the Donald Trump administration.

The purpose of the measure, announced by Treasury Secretary Scott Bessent, is to reduce pressure on global energy markets without providing significant financial benefits to the government of Vladimir Putin.

The original trade agreement imposed by Trump on India required New Delhi to turn to other suppliers, prohibiting the purchase of low-cost Russian oil in order to avoid fueling Russia’s war machine. In case of non-compliance, the American president had threatened to impose 50% tariffs on Indian products imported into the United States.

Nevertheless, India has therefore sought alternatives in Gulf countries, but geopolitical tensions, including the war in Iran and instabilities along the Strait of Hormuz, risked compromising supplies for India’s energy industry.

The 30-day waiver thus allows New Delhi to import oil already en route from Russia, ensuring continuity of supply.

According to the New York Times, the move would put Russia in an advantageous position in the global crude market, with the possibility of setting higher prices. Experts highlight that the decision represents a delicate balance between sanctions policy and international energy stability, in a context of markets already nervous due to conflicts and tensions in the Middle East.

Benedetta Zimone