By Admin 
The relationship between America and Russia is not going well these days. President Donald Trump is also angry with India, but in the meantime an important news has come out. The US has given exemption in some restrictions on Russia. Trump has given permission for the import of certain diamonds despite his sanctions on Russia. The US has given exemption till 1 September 2026.
Office of Foreign Assets Control (Ofac) According to this, it has shared an information, that the diamonds can be imported by 1 September 2026, but some conditions have also been kept for this. If the diamond is weighing more than 1 carat and it was out of Russia before 1 March 2024, then it can be imported. On the other hand, if he is more than 0.5 carats and was out of Russia before 1 September 2024, then it can also be imported.
Trump is angry with India due to Russia
US President Trump has imposed 50 percent tariff on India. He has a problem with why India buys oil from Russia. While China also buys oil from Russia and it has now given exemption about diamonds. Trump had alleged that India is funding the Ukraine war by purchasing oil from Russia. Now the relations between India and America are also going through a period of ups and downs.
America can also suffer loss due to tariff
Trump’s tariff may also cause strong loss to America. The tariff imposed on India and other countries can increase inflation, due to which the US economy may decrease between 0.4-0.5 percent. 25 percent of additional tariffs imposed on India by the US have come into effect from Wednesday. With this, the US tariff on Indian exports has increased to 50 percent.