New Delhi does not foresee any complications in its trade discussions with Washington stemming from a proposed U.S. legislation. This bill aims to impose new tariffs on nations that purchase Russian oil, a move that could reshape global energy trade dynamics.
According to an Indian government source, the potential for tariffs linked to Russian oil acquisitions has not emerged as a contentious issue in the bilateral trade negotiations, suggesting a degree of diplomatic understanding or separate handling of the matters. India has also reportedly sought an extension for its waiver on Russian oil purchases from the U.S.
For Pakistan's market, stable crude oil prices, potentially influenced by the continuity of Russian oil trade, could help manage imported inflation, which might indirectly support the PKR against the USD and temper local gold price volatility.
بحوالہ / Source: www.brecorder.com