US BLINKS ON RUSSIA , INDIA LESS FLUTTERED - THE ECONOMIC TIMES

What happened: Donald Trump waived tougher Russia sanctions for 60 days under the Lindsey Graham Act, a move the report links to securing US diesel supply until after next month's US midterm elections. Key numbers: 60-day waiver; India risked US tariffs of up to 100% for buying Russian oil; monthly Russian diesel Why it matters: The report says the waiver gives India short-term relief on its US trade surplus and that Russian energy prices are likely to stay stable with EU sanctions in place, while oil prices remain elevated. Unless the US warms up more to Russia after the midterm polls.

Donald Trump waived tougher Russia sanctions for 60 days under the Lindsey Graham Act, a move the report links to securing US diesel supply until after next month's US midterm elections.

The report says the waiver gives India short-term relief on its US trade surplus and that Russian energy prices are likely to stay stable with EU sanctions in place, while oil prices remain elevated. Unless the US warms up more to Russia after the midterm polls.