Trump Waives Russia Oil Sanctions, Tariffs
US President Donald Trump has waived major sanctions and tariffs targeting Russia and countries purchasing Russian oil and gas, citing American national interests. The executive order, issued on October 16, 2026, suspends provisions of a recently enacted law that could have imposed tariffs of up to 100% on major Russian energy importers, including India and China.
Trump Waives Russian Oil Sanctions and Tariffs
The decision concerns the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, signed into law on September 18.
The legislation authorised additional tariffs of 500% on Russian goods and 100% on imports from the five largest purchasers of Russian crude oil and natural gas making new purchases from October 18.
However, President Trump invoked the law’s waiver provisions, suspending the proposed duties and several sanctions targeting Russian individuals, financial institutions and energy-related activities.
The White House confirmed that the President had submitted the required national-interest certification to Congress.
India and China Avoid Additional US Tariffs
The waiver provides immediate relief to India and China, two major purchasers of Russian energy, by removing the threat of additional tariffs under the legislation.
India had previously expressed concerns about the proposed penalties, maintaining that its energy procurement decisions were guided by national energy security requirements and market conditions.
Existing American sanctions and other trade restrictions remain unaffected unless separately modified.
US Energy Crisis Influences Russia Sanctions Policy
The decision follows Washington’s recent move to ease restrictions on Russian diesel supplies amid rising international energy prices.
The Trump administration has faced growing pressure over fuel costs as the Middle East conflict disrupts global energy markets.
The suspension has drawn criticism from American lawmakers concerned that easing economic pressure could benefit Moscow during its continuing war in Ukraine.
The waivers will remain effective until the President or authorised officials determine that further action is necessary.
