India, Oct. 18 -- The Trump administration will take a 60-day pause to understand the implications of placing vast new sanctions on Russia and its trading partners like India for the global economy, said US Secretary of State Marco Rubio on Saturday. Explaining the Trump administration's decision this week to waive sanctions on Russia under the Lindsey Graham act, Rubio pointed to severe disruptions to global energy prices already caused by the Ukraine war, the Iran war and Houthi military strikes on Saudi Arabia.

"I think when the bill was passed, one of the reasons the waivers were put in there was understanding that they would need some period of time to study this, given all the different things that are going on in the world right n...