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NewsThe Hindu BizMonday, 12 October 2026NEW

U.S. lifts sanctions on sale of Russian diesel in global markets

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Summary
The announcement by the US Department of Treasury came minutes after U.S. President Donald Trump spoke with Russian President Vladimir Putin and struck a deal to supply diesel to the American and global markets
Key Facts
TypeNews
SourceThe Hindu - Business
PublishedMonday, 12 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
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Finance & Economy671 tracked→
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