Trump Delays Russia Sanctions 60 Days as U.S. Secures 300,000 Tons of Diesel
Updated
Updated · Reuters · Oct 18
Trump Delays Russia Sanctions 60 Days as U.S. Secures 300,000 Tons of Diesel
3 articles · Updated · Reuters · Oct 18
Summary
Marco Rubio said Donald Trump will use up to 60 days to assess the economic fallout from Russia-related sanctions and tariffs he waived a day earlier, leaving measures due next week on hold.
The Graham Act would impose tariffs on Russian goods and penalize countries buying Russian oil and gas, raising concerns about blowback for the global economy and partners such as India.
More than 300,000 metric tons of Russian diesel will initially go to the United States under a separate supply deal Trump said will continue with further shipments in November and beyond.
High fuel prices ahead of November's midterm elections and oil disruptions tied to the Iran war are driving the review, even as Volodymyr Zelenskiy and Senator Darline Graham criticized the waiver as easing pressure on Moscow.