Russia hails Trump’s sanctions waiver as ‘historic moment’
What Happened
Trump signed an executive order waiving key measures under the new Russia sanctions law, including tariffs that could have hit major buyers of Russian oil and gas. Trump said the waiver was in the US national interest and will remain until he or senior officials decide further action is appropriate. Putin’s envoy Kirill Dmitriev called the move an“important and truly historic moment.”
Key Takeaways
The decision removes, for now, the threat of tariffs of up to 100% on countries buying Russian energy, an issue that had raised concerns in India and China. However, the waiver concerns measures under the new law and should not be interpreted as lifting the broader US sanctions regime against Russia.