Trump waives key Russia-related sanctions
The law is meant to increase pressure on Russia for its invasion of Ukraine that began in 2022.
President Donald Trump has waived key Russia-related US sanctions and tariffs days before they were scheduled to take effect, according to an executive order released by the White House. The waiver, which includes duties on Russian goods and penalties for purchasing Russian oil and gas, was justified by Trump as being in the national interests of the United States.
The law behind the sanctions, signed by Trump in September, aimed to increase pressure on Russia for its invasion of Ukraine in 2022. However, Trump's proximity to Russia and his criticisms of Ukrainian President Volodymyr Zelenskiyy have raised concerns about the effectiveness of these measures, particularly as the US heads into midterm elections.
The sanctions law, backed by Senator Lindsey Graham, would have imposed tariffs of up to 100% on goods from Russia's top importers, as well as any country aiding Russia in evading sanctions. Trump's decision to waive these sanctions could potentially raise oil prices and complicate US relations with countries like China and India, which have expressed concerns over the bill.
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