Trump waives Russia sanctions ahead of midterms

au.investing.com —

President Donald Trump has waived key Russia-related sanctions and tariffs before they take effect under a new law, suspending sweeping measures ahead of U.S. midterm elections. The waiver, announced on October 17, 2026, delays penalties mandated by recent legislation, citing political timing. The move follows strained UK-U.S. relations over Trump's shifting stance on the Russia-Ukraine war. The suspension marks a significant policy reversal, with critics arguing it undermines Western unity against Moscow. The decision comes as hotter U.S. inflation data has markets anticipating potential rate hikes.


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