Trump waives key sanctions on Russian oil, invokes Section 115 of the Graham Act: Here's what it means for India
US President Donald Trump on Friday (local time) signed an executive order waiving key Russia-related sanctions and tariffs under the Graham Act, telling Congress that the decision was in the national interest.
US President Donald Trump recently signed an executive order waiving key sanctions and tariffs imposed on Russia under the Graham Act, asserting it to be in the national interest. The order waives the application of sanctions, restrictions, and duties as outlined in the Graham Act, with Trump submitting a certification to Congress explaining the decision.
The sanctions were set to take effect in two days, per AP reports. The Graham Act, named after Senator Lindsey Graham, aims to curb financial resources supporting Russia's involvement in Ukraine's conflict. It allows the US President to impose sanctions on Russia and impose tariffs on countries like China and India, which are significant oil and gas importers from Russia.
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- Trump suspends Graham Act penalties targeting Russian energy thearabianpost.com
- Russian attacks kill 7, injure dozens across Ukraine amid continued strikes on energy infrastructure kyivindependent.com
- Trump waives key Russia-related sanctions sabcnews.com
- Trump suspends sanctions on buyers of Russian oil and gas that Graham championed english.nv.ua
- Trump suspends sanctions on buyers of Russian energy under Graham Act ukrinform.net
