Trump waives Russia sanctions just two days before the new law's penalties were due to take effect on October 18.
On Friday, October 16, 2026, President Donald Trump signed an executive order shelving the Lindsey O. Graham Sanctioning Russia and Iran Act — a bipartisan bill he himself signed last month. The law would have imposed tariffs of up to 500% on Russian goods and up to 100% on imports from the five biggest buyers of Russian oil and gas. Trump certified the waiver is in the "national interests of the United States," without explaining why. The move follows a US deal to buy Russian diesel and has drawn bipartisan backlash in Congress, with critics saying it eases pressure on Moscow as Russia prepares a fifth winter campaign in Ukraine. European allies are alarmed as Washington's support for Kyiv wavers. Watch for the full breakdown of what the waiver covers and what happens next.
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