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 bargaining table. The administration said the waiver will last 60 days, and Trump said he can sign the sanctions document later. The sanctions are part of the Lindsey Graham Act passed last month, which also targets Putin, senior military leaders, Russian financial institutions and a “shadow fleet” of oil tankers. Ukrainian President Zelenskyy called the decision “unfortunate” and “a historic mistake,” while bipartisan lawmakers, including Sen. Darline Graham, criticized the pause. U.S. gas prices have risen more than 34% year over year, according to the latest government inflation data.
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Donald TrumpRussiasanctionsUkraine
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
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