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The United States government has announced it will not renew the temporary sanctions waivers that permitted countries, including India, to import Russian and Iranian oil already in transit. This decision marks a pivot back to a strict enforcement regime, potentially tightening global energy supplies and increasing the procurement costs for Indian refiners.
Click to View MoreThe Government of India has formally rejected allegations made by the Office of the United States Trade Representative (USTR) regarding forced labour and structural excess capacity. In a detailed submission, India emphasized its long-standing commitment to international labour standards and questioned the legal basis of the unilateral investigations launched under Section 301 of the US Trade Act of 1974.
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