President Trump has temporarily waived for 60 days 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 measures are part of the bipartisan Lindsey Graham Act passed last month, which targets Putin, senior military leaders, Russian financial institutions and energy projects, as well as a 'shadow fleet' of oil tankers, and imposes tariffs on buyers of Russian oil and gas, including China and India. The decision drew criticism: Ukrainian President Zelenskyy called it a historic mistake, and Republican Sen. Darline Graham said she would keep the pressure on Russia. It came a week after Trump revealed a deal letting Russia export diesel to the global market, though analysts say this will do little to lower diesel prices. Gas prices have risen more than 34% year over year, according to the latest government inflation data.
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President Donald 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. The sanctions are part of the bipartisan Lindsey Graham Act passed last month, which also targets Russian President Vladimir Putin, a “shadow fleet” of oil tankers, and countries buying Russian oil and gas through tariffs. Ukrainian President Volodymyr Zelenskyy called the decision “unfortunate” and “a historic mistake,” and bipartisan lawmakers, including Sen. Darline Graham, also criticized the pause. Gas prices have risen more than 34% year over year, according to the latest government inflation data.
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- Trump waives new Russia sanctions
President Trump has temporarily waived some sanctions targeting Russia's energy sector and economy for 60 days, saying he is negotiating peace in the Russia-Ukraine war and does not want to drive Russia away from the table. The sanctions come from the bipartisan Lindsey Graham Act passed last month, which also targets Putin, Russian financial institutions, a 'shadow fleet' of oil tankers, and countries buying Russian oil and gas, including China and India. Ukrainian President Zelenskyy called the decision 'unfortunate' and 'a historic mistake,' and bipartisan lawmakers also criticized the pause. Gas prices have risen more than 34% year over year according to government inflation data, and analysts say a recent deal allowing Russia to export diesel will do little to lower global diesel prices.
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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 waiver covers measures from the Lindsey Graham Act passed last month and is set to last 60 days, which the administration says will test whether talks with Ukraine and Russia can produce progress. Ukrainian President Volodymyr Zelenskyy called the decision a historic mistake, and bipartisan lawmakers, including Sen. Darline Graham, criticized the pause. The law also targets Putin, Russian financial institutions, a shadow fleet of oil tankers, and buyers of Russian oil and gas, while gas prices in the US have risen more than 34% year over year.
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