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Trump waives new Russia sanctions as Ukraine ties slump

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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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    Ukraine faces growing uncertainty after U.S. President Donald Trump agreed with Putin to ease sanctions so Russia can supply 4.8 million metric tons of diesel to global markets, and restricted U.S. intelligence sharing with Ukrainian forces. Experts told CNBC the deal brings only a marginal financial gain: the first 1.8 million tons could generate up to $1.25 billion in export revenue over three months, but the federal budget benefit would be under $30 million per month. Its main impact is political, as it eases sanctions pressure and undermines Western unity without any Russian concessions over Ukraine. Zelenskyy warned the deal could set a precedent for further sanctions relief, while limits on SpaceX's Starshield in Ukraine reportedly reduced its ability to shoot down drones and gave no advance warning of ballistic missiles, according to Ukrainian officials.

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    US President Donald Trump signed an executive order waiving sweeping sanctions and tariffs aimed at Russia's energy revenues, deepening strains with Ukraine. The Lindsey Graham Act, which Trump signed into law last month, had authorized duties of up to 100% on major buyers of Russian oil and gas. The reversal follows a deal with Putin that eases sanctions in exchange for Russia releasing large amounts of diesel into global markets. Zelenskyy urged the EU to provide nearly $80 billion in support next year, including 70 billion euros ($79 billion) and more Patriot missiles, while European leaders voiced support for Kyiv. Belgium still opposes using about 200 billion euros in frozen Russian central bank assets, and a disruption to a US-provided satellite system has hampered Ukraine's communications.

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  • Trump waives new Russia sanctions

    President Trump has temporarily waived some sanctions targeting Russia's energy sector and economy, saying he is negotiating peace in the Ukraine war and does not want to drive Russia away from the bargaining table. The administration said the waiver will last 60 days, and Secretary of State Marco Rubio said it aims to see whether ongoing talks with Ukraine and Russia can produce a positive outcome. The sanctions come from the bipartisan Lindsey Graham Act, which targets Putin, military leaders, financial institutions, energy projects, a shadow fleet of oil tankers, and buyers of Russian oil and gas including China and India. The move drew criticism from Ukrainian President Volodymyr Zelenskyy, who called it unfortunate, and from bipartisan lawmakers including Sen. Darline Graham. Gas prices have risen more than 34% year over year, according to the latest government inflation data.

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