US, Nov. 5 -- The United States' decision to waive Russia-linked tariff and sanctions measures on major buyers of Russian-origin oil and gas could provide significant relief to Indian exporters, restore business confidence and help accelerate bilateral trade, a new report has said.

The report from Times Kuwait said the Executive Order signed by President Donald Trump recently could boost bilateral trade momentum, support employment and advance the $500 billion India-US bilateral trade ambition by 2030.

The order eased the immediate threat of additional tariffs of up to 100 per cent on Indian exports linked to Russian energy purchases, reducing uncertainty for businesses.

Businesses gain more room to plan shipments, negotiate contracts...