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News India Live, Digital Desk: A very relieving news has emerged for India on the front of global diplomacy. The administration led by US President Donald Trump has decided to give a big waiver to India in the sanctions imposed on the purchase of Russian oil. The Trump administration has renewed this exemption, which simply means that India will now be able to continue buying crude oil from Russia at cheaper rates without the fear of any American sanctions. This decision is being seen as a major victory for Prime Minister Narendra Modi’s successful foreign policy. How will India benefit from Trump’s decision? In fact, amid the global turmoil, America and Western countries had imposed many stringent economic sanctions on Russia. The purpose of these sanctions was to hurt Russia’s economy. However, India is buying huge quantities of oil from Russia at concessional rates to meet its energy needs. Now, by extending the exemption period by the Trump administration, Indian oil companies will be freed from legal hurdles in transactions and shipping. This is also expected to help in keeping the prices of petrol and diesel stable in the domestic market. New chapter of India-America friendship. Experts believe that this step of the Trump government is a big sign towards further strengthening its strategic relations with India. The Trump administration has always advocated better trade and diplomatic relations with India. This ‘Oil Waiver’ is being considered a part of that series. America understands how important cheap energy is for an emerging economy like India, and it does not want to let oil supply become a hindrance in this strategic partnership. Big strategy to sideline China? Defense and foreign affairs experts say that there may be a deeper strategy behind this decision of the Trump administration. Instead of completely isolating Russia, the US is trying to create a global balance by allowing it to trade with friendly countries like India. Also, this will maintain supply in the global oil market and prevent prices from going out of control. This decision has come at a time when energy security remains a big issue across the world. Will the prices of petrol and diesel come down? This news is very pleasant from the Indian market. Cheap oil coming from Russia reduces India’s import bill. If India continues to receive crude oil at such concessional rates, then in the coming times, government oil companies may consider giving relief to the general public in the prices of petrol and diesel. Overall, this decision of the Trump administration is no less than a lifesaver for India’s energy security.