header logo
Vallibel FD
vallible LE
Latest
Rubio says Trump to take up to 60 days to weigh Russia sanctions
Oct 18, 202610:12 AM
Rubio says Trump to take up to 60 days to weigh Russia sanctions
Mobitel inner 1278

The day after waiving sanctions and tariffs related to Russian exports, US President ‌Donald Trump said on Saturday he has yet to announce a final decision on the matter as Secretary of State Marco Rubio said officials want more time to evaluate the situation.

Rubio said on Saturday that the president will use up to 60 days to assess the economic impact of Russia-related sanctions and tariffs that he ​waived a day earlier.

"A lot of you don't know what my decision is yet, but we'll figure it out, and you'll ​figure it out," Trump told reporters at his Mar-a-Lago club in Palm Beach, Florida.

The waiver comes just weeks ⁠before November's midterm elections, with Trump under pressure over high energy prices as war with Iran disrupts global oil supplies.

Trump signed an executive ​order on Friday waiving key sanctions and tariffs under the law known as the Graham Act, which he signed last month at the urging of ​lawmakers who want to pressure Moscow over its war in Ukraine.

The measures, including tariffs on Russian goods and penalties on countries buying Russian oil and gas, were due to take effect next week. Friday's order did not specify how long the waiver would last, but Rubio said Trump opted for a 60-day review.

"I think the ​president wants to take the 60-day period of time to sort of analyze what imposing both sanctions and tariffs will mean to the ​global economy and even to the US economy," Rubio told reporters before boarding a plane for a trip to Uzbekistan.

Complicating matters is the Graham Act's call not ‌only for ⁠sanctions on Russia but also for tariffs on goods from countries that import Russian energy supplies. Rubio pointed to India, an important US partner that has diversified its energy supplies but remains heavily dependent on Russian oil.

Friday's executive order drew criticism from Ukrainian President Volodymyr Zelenskiy, who warned it would embolden Russian President Vladimir Putin and prolong the war.

Senator Darline Graham, a South Carolina Republican whose late brother Lindsey Graham championed the legislation ​that bears his name, said she ​disagreed with Trump's decision and ⁠planned to discuss it with him when he campaigns for her next week.

"Personally, I would choose to keep the pressure on Russia," she told reporters on Saturday. "Because I don't trust Putin and I don't trust Russia."

DIESEL ​SUPPLIES

Rubio also defended a separate US agreement with Russia to increase diesel supplies to global markets, aimed at ​easing fuel prices ⁠that have climbed amid the war with Iran and disruptions to energy supplies.

Under the agreement, Trump said Russia initially would supply more than 300,000 metric tons of diesel to the United States, followed by shipments in November and beyond.

"That diesel is going to be sold one way or the other," Rubio ⁠said. "The only ​difference is how much of it the United States was going to get."

Rubio said ​the diesel deal and sanctions waiver reflected the challenge of managing conflicts in the Middle East and Ukraine that have disrupted global energy supplies.

"These conflicts around the world are starting ​to crash into each other," he said.

Source: Reuters

--Agencies 

MostRead
Mobitel 1278
VideoStories
 Four killed, 70 injured in three-bus collision in Rambewa; Reckless overtaking & speeding suspected

Four killed, 70 injured in three-bus collision in Rambewa; Reckless overtaking & speeding suspected

 Cabinet approves $200mn ADB loan to boost SME Sector

Cabinet approves $200mn ADB loan to boost SME Sector

Colombo flooding examined at DCC meeting;

Colombo flooding examined at DCC meeting;

 Bay of Bengal disturbance may develop into depression; Rains expected to intensify from Nov. 15

Bay of Bengal disturbance may develop into depression; Rains expected to intensify from Nov. 15

Govt. to amend Organised Crime Prevention Bill

Govt. to amend Organised Crime Prevention Bill

 Monks seek pardon for Gnanasara Thero; Urge govt. to curb anti-Buddhist activities in the country

Monks seek pardon for Gnanasara Thero; Urge govt. to curb anti-Buddhist activities in the country

GMOA to stage protest in Colombo tomorrow; Govt reserves right to take action against obstacles – MP

GMOA to stage protest in Colombo tomorrow; Govt reserves right to take action against obstacles – MP

Showers wreak havoc across Sri Lanka; Another low pressure system over Bay of Bengal on Nov. 11

Showers wreak havoc across Sri Lanka; Another low pressure system over Bay of Bengal on Nov. 11

What caused floods in Colombo? Special emergency response taskforce to be set up

What caused floods in Colombo? Special emergency response taskforce to be set up

New bills should empower courts rather than police and politicians -Ex-Justice Minister on Hyde Park

New bills should empower courts rather than police and politicians -Ex-Justice Minister on Hyde Park

Deniyaya Tragedy: Bodies of all victims recovered Another teenager goes missing after boat accident

Deniyaya Tragedy: Bodies of all victims recovered Another teenager goes missing after boat accident

Hindus worldwide mark Deepavali Festival; Special celebrations held across Sri Lanka

Hindus worldwide mark Deepavali Festival; Special celebrations held across Sri Lanka

32-year-old arrested with a large haul of heroin and ‘Ice’ in Thalawathugoda

32-year-old arrested with a large haul of heroin and ‘Ice’ in Thalawathugoda

 Colombo's drainage system can handle only around 30 mm of rainfall – Mayor

Colombo's drainage system can handle only around 30 mm of rainfall – Mayor

Opposition Leader Sajith criticizes government over handling of severe flooding in Colombo

Opposition Leader Sajith criticizes government over handling of severe flooding in Colombo

Lassana Flora