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Donald Trump Waives US Tariffs and Sanctions on Russian Oil
US President Donald Trump has issued an executive order waiving tariffs, restrictions, and sanctions linked to Russian oil and gas purchases under the Graham Act. The underlying law permitted the United States to impose tariffs of up to 100% on nations purchasing Russian energy under certain conditions. Trump stated that the waiver was granted in the national interest of the United States and noted that an explanation and required certification were submitted to Congress. The decision suspends penalties for now, though the administration retains the ability to reconsider them. India relies heavily on imported crude oil, and the suspension temporarily eases trade pressure surrounding its Russian energy imports.