Trump Eases Russia Sanctions and Tariffs to Cut Diesel Prices, Aiding India

President Donald Trump waived several sanctions, tariffs, and restrictions targeting Russia on Saturday, citing national interest, to lower soaring diesel prices ahead of the November 3 midterm elections. The move may ease pressure on countries like India over their Russian energy purchases. The executive order invokes a provision in the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, waiving duties and sanctions under specific sections. It follows Trump's announcement that Russia will supply over 300,000 tonnes of diesel immediately, with more shipments expected, after a call with President Vladimir Putin. The waivers do not automatically withdraw all tariffs affecting India, including potential 500% duties on Russian goods. The order directs monitoring of countries' Russian energy purchases. Diesel prices, which hit a record $6.52 per gallon in September, have become a key political issue for the administration.