US says waiver is a 60-day pause; Europe refused to sanction China, India over Russian oil

Amid intense criticism, the US on Sunday said the waiver of sanctions on Russia and tariffs on other countries, including India, was a 60-day pause to analyse the global impact of the measure. Trump’s cabinet colleagues Marco Rubio and Scott Bessent said the Lindsey O Graham Sanctioning Russia and Iran Act granted the President the flexibility to assess the situation. “No sanctions were lifted on Friday,” Bessent told NBC’s Meet the Press, referring to the Executive Order signed by Trump granting a waiver from sanctions under the Graham Act passed with overwhelming bipartisan support last month. Bessent revealed that the…