India, Oct. 17 -- US President Donald Trump on Friday waived the application of sanctions, restrictions and duties related to Russian energy exports under a law he signed last month, suspending a measure that threatened to impose 100 per cent tariffs on India and other major buyers of Russian crude oil, citing the national interests of the United States.

"As described further in Section 4 of this order, I am hereby waiving the application of such sanctions, restrictions, and duties provided for in the Graham Act. I have submitted to the Congress a certification that the issuance of such a waiver at this time is in the national interests of the United States," the White House said in a statement.

However, the move does not permanently sc...