All articles tagged with #graham act
President Trump issued an executive order on Friday night to waive key provisions of the Lindsey O. Graham Sanctioning Russia and Iran Act, preventing 100% tariffs on major Russian oil buyers from taking effect on Sunday. The move, justified as being in the 'national interest,' aims to lower domestic energy prices but has drawn sharp criticism from lawmakers and Ukraine.
President Trump issued an executive order on October 16, 2026, waiving the Lindsey O. Graham Sanctioning Russia and Iran Act just days before its provisions were set to take effect. The move suspends tariffs of up to 100% on major importers of Russian oil and gas, as well as restrictions on Russian financial institutions. Trump justified the waiver by certifying to Congress that it served the 'national interests' of the United States, a decision that follows a controversial deal to import Russian diesel to lower domestic fuel prices ahead of the November midterm elections. The waiver has triggered immediate bipartisan condemnation in Washington and deepened tensions with Ukraine, while European leaders have moved to strengthen their own sanctions against Moscow.