Trump signs executive order waiving new Russia sanctions, tariffs
The sanctions would have targeted Russia's energy and defence sectors, president Vladimir Putin and other senior officials, as well as Moscow's so-called shadow fleet.
President Donald Trump signed an executive order on Friday waiving US sanctions and tariffs previously imposed on Russia's energy revenues following their enactment last month through the Lindsey Graham Act. Named in honor of the late Senator Lindsey Graham, the act granted the president the authority to impose duties up to 100% on major purchasers of Russian oil and gas.
In section 4 of the order, the administration stated its intention to waive the application of these sanctions, restrictions, and duties as outlined in the Graham Act. The law specifically targeted Russia's energy and defense sectors, President Vladimir Putin, and other high-ranking officials, along with Moscow's clandestine fleet of tankers that evaded Western sanctions.
Trump's decision to reverse these sanctions came after a contentious agreement he reached with Putin, which would permit the export of Russian diesel in exchange for US sanctions relief. Tensions between Kyiv and Washington have intensified since the deal, with Ukrainian President Volodymyr Zelensky branding it a "weak decision" and Ukrainian forces resuming assaults on Russian oil refineries.
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