Trump Waives New Russia Sanctions One Week After Diesel Deal
Summary
President Donald Trump signed a new executive order to impose large tariffs and sanctions on Russia but immediately waived them. This decision follows a recent deal with Russia to increase diesel fuel supplies to the U.S. and global markets. The waivers will stay in place until Trump or his administration decide otherwise.Key Facts
- President Trump signed an executive order implementing new sanctions and tariffs on Russia, including up to a 500% tariff on Russian goods.
- He immediately waived these sanctions and tariffs, citing national interest and notifying Congress.
- The sanctions were part of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which expands U.S. powers to target Russian energy trade.
- The order sets potential 100% tariffs on countries buying Russian oil or gas and on countries that help Russia evade these sanctions.
- The waiver can be lifted by President Trump or his administration officials, depending on circumstances.
- The executive order does not cancel any previous Russian sanctions already in place.
- The move comes one week after an agreement between Trump and Russian President Vladimir Putin to increase Russian diesel supplies to the market.
- The diesel deal aims to help lower fuel costs in the U.S. and globally.
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