President Trump has temporarily waived some sanctions targeting Russia's energy sector and economy, saying he is negotiating peace and does not want to drive Russia away from the table. The sanctions, part of the Lindsey Graham Act, are waived for the next 60 days. Secretary of State Marco Rubio said the pause aims to see whether ongoing talks with Ukraine and Russia can lead to a positive outcome. The move drew criticism from international leaders, including Ukrainian President Volodymyr Zelenskyy, who called it a historic mistake, and from bipartisan lawmakers. Gas prices in the U.S. have risen more than 34% year over year.
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- Trump waives new Russia sanctions
President Donald Trump has temporarily waived for 60 days some sanctions targeting Russia's energy sector and economy, saying he is negotiating peace in the war with Ukraine and does not want to push Russia away from the bargaining table. The waived measures come from the bipartisan Lindsey Graham Act, passed last month, which also targets Russian President Vladimir Putin, senior military leaders, Russian financial institutions, a “shadow fleet” of oil tankers, and countries buying Russian oil and gas, including China and India. Secretary of State Marco Rubio said the pause is meant to see whether ongoing talks can lead to a positive outcome. Ukrainian President Volodymyr Zelenskyy called the decision “unfortunate” and a historic mistake, and bipartisan lawmakers also criticized it. The move comes as U.S. gas prices have risen more than 34% year over year.
- Trump waives new Russia sanctions
President Trump has temporarily waived some key sanctions targeting Russia's energy sector and economy, saying he is negotiating peace and does not want to drive Russia from the bargaining table. The administration said the waiver will last 60 days. The sanctions are part of the Lindsey Graham Act passed last month, which also targets Putin, a “shadow fleet” of oil tankers, Russian financial institutions and energy projects, and imposes tariffs on countries buying Russian oil and gas. Zelenskyy called the decision a “tragedy,” and bipartisan lawmakers, including Sen. Darline Graham, criticized the pause as U.S. gas prices have risen more than 34% year over year.
- Trump waives new Russia sanctions
President Donald Trump has temporarily waived some key sanctions targeting Russia's energy sector and economy, saying he is negotiating peace in the war with Ukraine and does not want to drive Russia away from the bargaining table. The sanctions come from the bipartisan Lindsey Graham Act, and the waiver will last 60 days. Secretary of State Marco Rubio said the pause gives talks with Ukraine and Russia a chance to produce a positive outcome. Ukrainian President Volodymyr Zelenskyy called the decision unfortunate and a historic mistake, while Sen. Darline Graham, R-South Carolina, also criticized the pause and said she would keep pressure on Russia. The article notes that gas prices have risen more than 34% year over year.
- Trump faces criticism ahead of elections for repeatedly easing Russia sanctions
Republican members of the U.S. Congress have criticized President Trump's decision to suspend enforcement of the Russia sanctions law, arguing it helps Moscow's campaign in Ukraine. The administration sees the waiver as enabling a deal for Russian diesel exports, aimed at lowering U.S. fuel prices before the midterm elections. Senator Ted Cruz said he wished the president had not done it, while Senator Thom Tillis questioned why the administration would not enforce a law the Senate had passed 86-11. At least eight Republican senators and a bipartisan group of 12 senators have urged that the diesel deal be cancelled or the law enforced, and Democratic leader Chuck Schumer has also condemned the move. With Congress in recess until after the midterm elections, immediate legislative action to block the deal appears unlikely.
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver
Asian shares were mixed on Monday as tech stock volatility persisted, while U.S. equity futures edged higher. Oil fell more than 2% after President Trump waived sweeping sanctions on Russia, including on its energy sector, likely meaning more Russian energy exports; Brent fell 2.5% to $107.16 a barrel. South Korea's Kospi rose 1.8% to 5,768.01 but is down more than 17% over the past month and well below the 9,000 mark it crossed in June; Japan's Nikkei 225 lost 0.6% to 64,916.70, while Shanghai rose 0.4% after China reported 4.5% growth in the July-September quarter. Indonesia's index sank to its lowest since 2020 after MSCI warned it would downgrade the country from emerging market status, and the 10-year U.S. Treasury yield eased to about 5.07% from a 5.35% peak earlier this month, the highest since 2002.
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