Trump signs executive order waiving new Russia sanctions
US President Donald Trump has signed an executive order that waived sweeping US sanctions and tariffs targeting Russia's energy revenues after signing them into law last month.
US President Donald Trump recently signed an executive order that waives the sweeping sanctions and tariffs imposed on Russia's energy revenues following their enactment last month. The Lindsey Graham Act, named after the late US Senator who sponsored the bill, granted Mr. Trump the power to impose duties up to 100% on major purchasers of Russian oil and gas.
In the executive order, Trump explicitly waives the application of these sanctions, restrictions, and duties as outlined in the Graham Act. The law aimed to target Russia's energy and defense sectors, as well as President Putin and other senior officials, along with Russia's "shadow fleet" of tankers used to evade Western sanctions.
Trump's decision to reverse the Russia sanctions stems from a controversial agreement he reached with Putin, which would permit Russian diesel exports in exchange for US sanctions relief. The deal has strained relations between Ukraine and the US, with Ukrainian President Volodymyr Zelensky describing it as a "weak decision," and Ukrainian forces resuming attacks on Russian oil refineries.
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