Trump Halts Graham Act Sanctions on Russia, Iran

news.liga.net (Ukrainian) —

US President Donald Trump suspended the Graham Act on October 16, halting its "hellish sanctions" against Russia and Iran before it took effect on October 18. Trump certified the waiver as in US national interests. The law, named after the late Republican Lindsey Graham, mandated 500% tariffs on Russian goods and 100% tariffs on top buyers of Russian oil and gas within 30 days. It was designed as a major expansion of US sanctions leverage. Section 4 of the law allowed presidential waiver authority, which Trump exercised. He submitted certification and a report to Congress explaining his decision, though the law would not have stopped China and India from purchasing Russian oil.


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Trump Halts Graham Act Sanctions on Russia, Iran | News Minimalist