Trump Suspends Russia Sanctions Law That Threatened 100% Tariffs On Indian Oil Imports
US President Donald Trump signed an executive order on Friday suspending a sanctions law aimed at Russia’s economy two days before it was due to take effect, lifting the threat of punitive tariffs on the largest buyers of Russian oil and gas, a group that includes India Image Source: AFPost on X Trump told Congress the suspension was in the national interest. The waivers remain in force until he or the secretary of state determines that further action is warranted. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 was signed into law in early October after passing both chambers of Congress by large bipartisan margins. It is named after the South Carolina senator who died in July at the age of 71 and who had pressed for tougher measures against Moscow over the war in Ukraine. The law targeted Russia’s energy and defence industries and the fleet of tankers used to move its oil outside Western price controls. It provided for tariffs of up to 500 per cent on Russian good...