60-day pause on Russia sanctions to analyse global impact: Rubio

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US Secretary of State Marco Rubio explained that Donald Trump's waiver of Graham Act sanctions and tariffs on Russian oil buyers, including India, is a 60-day pause to analyze global economic impacts.

US Secretary of State Marco Rubio
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US Secretary of State Marco Rubio 

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Washington: US Secretary of State Marco Rubio has said the waiver from sanctions on Russia and tariffs on other countries, including India, was a 60-day pause to analyse the global impact of the measure. Rubio was responding to questions on Saturday evening at Joint Base Andrews near here as he left for a six-day tour of Uzbekistan and India.

"I think the president wants to take the 60-day period of time to sort of analyse what imposing both sanctions and tariffs will mean to the global economy, and even to the US economy," Rubio said in response to a question on the waivers granted by Trump under the Sanctioning Russia and Iran Act or the Graham Act.

On Friday, Trump waived key provisions of the Graham Act that authorised punitive tariffs on countries purchasing Russian oil, offering relief to India.

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