Trump Grants India Waiver on Russia Sanctions to Bolster Energy Security

Key Facts

1President Trump issued a waiver on Russia sanctions for India to alleviate its energy security concerns.

2The waiver is expected to improve the chances of a trade deal being reached between the US and India.

President Trump issued a waiver on Russia sanctions for India to alleviate its energy security concerns. Reuters reported that the move aims to stabilize India's energy supply and foster stronger bilateral trade relations between the two nations.

The waiver is expected to improve the chances of a trade deal being reached between the US and India. This geopolitical shift follows data showing India's trade balance recorded a deficit of $30.21 billion on October 15, 2026.

Looking ahead, the Bank of Russia is scheduled to announce its interest rate decision on October 23, 2026, coinciding with the release of India's manufacturing and services PMI data for October.