Trump Waives Russia Sanctions, Suspends 100% Tariff Threat on Oil Buyers

U.S. President Donald Trump has waived sanctions, restrictions, and duties under the Lindsey Graham Act, citing American national interest. The executive order, issued October 16, 2026, suspends provisions allowing tariffs of up to 100% on major buyers of Russian oil and gas. The law also targeted Russia's energy and defense sectors, senior officials, and the shadow fleet of tankers accused of helping Moscow circumvent Western sanctions. The waiver puts these measures on hold. The decision marks a significant shift in U.S. policy toward Russia, potentially easing pressure on countries purchasing Russian energy. The executive order was announced on October 17, 2026.