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Trump Waives Key Russia Sanctions and Tariffs Citing National Interest

President Donald Trump Waives Key Russian Tariffs and Sanctions Ahead of Midterm Elections President Donald Trump waived key Russia-related sanctions and tariffs just days before they were scheduled to take effect, issuing an executive order through the White…

Trump Waives Key Russia Sanctions and Tariffs Citing National Interest

President Donald Trump Waives Key Russian Tariffs and Sanctions Ahead of Midterm Elections

President Donald Trump waived key Russia-related sanctions and tariffs just days before they were scheduled to take effect, issuing an executive order through the White House on Friday, stating that the decision is in the national interest of the United States. Reuters reported that the waived measures include duties on Russian goods and penalties for purchasing Russian oil and gas, which were originally designed to pressure Moscow over its 2022 invasion of Ukraine. The late Senator Lindsey Graham served as the primary backer in Congress for the legislation, officially titled the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which Trump signed in mid-September.

Political Backlash and Congressional Reactions in Washington

Lawmakers in Washington expressed sharp disagreement over the executive order. US Representative Don Beyer, a Virginia Democrat, criticized the decision in a statement published by Reuters, asserting that the waiver betrays Ukrainian partners and defies clear congressional intent. Beyond that dispute, Trump has faced criticism from several US senators, including some Republicans, regarding a recent diesel deal with Russia. Lawmakers argue that lifting sanctions on Russian exports to secure diesel supplies for global markets ultimately helps fund Russia’s war efforts.

Global Responses From Beijing, New Delhi, and Moscow

Major economies heavily reliant on energy imports reacted to the shifting US policy positions. Reuters noted that countries such as China and India previously raised concerns regarding the severity of the original sanctions bill. Beijing stated that it consistently opposes long-arm jurisdiction lacking a basis in international law, while New Delhi warned Washington that new tariffs could impact bilateral ties. Meanwhile, Kirill Dmitriev, an investment envoy, welcomed the waiver on X as a significant development that could have brought all economic cooperation between Russia and the US to a halt.

Economic Pressures and Midterm Election Timing

Analysts point to domestic economic pressures as a primary driver behind the timing of the waiver. With US midterm elections approaching, Republicans are fighting to maintain their narrow grip on both chambers of Congress. Implementing tariffs of up to 100 percent on goods from top Russian energy importers risked driving domestic oil prices higher at a time when American consumers are already managing increased costs stemming from the US-Israeli war on Iran.

Frequently Asked Questions

What specific penalties did the executive order waive?

The executive order waived duties on Russian goods and penalties for purchasing Russian oil and gas that were mandated under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026.

REUTERS/Jeenah Moon
Photo: reuters.com

How long will the sanctions waiver remain in effect?

The waiver stays in effect until President Trump or his top officials determine that further action is appropriate.

Which countries were targeted by the potential 100 percent tariffs?

The legislation targeted the top five importers of Russian crude oil or gas, as well as any country that knowingly bought oil or gas 30 days after the law was enacted or was among the top five countries helping Russia evade sanctions.

“Trump’s latest surrender to Putin again betrays our Ukrainian partners and defies clear congressional intent of legislation designed to punish Russia for its illegal war of aggression.” — US Representative Don Beyer

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About the author: Marcus Liu - Business Editor

MBA and ex‑B bureau chief specializing in global finance and fintech. Marcus speaks Mandarin, Japanese, and English, and has interviewed CEOs from the Fortune 50 to Y‑Combinator unicorns. Marcus Liu delivers sharp analysis on markets, startups, and corporate strategy for investors and entrepreneurs alike.