s/ylecunRUSSIA SANCTIONS•Oct 18
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Trump waives 500% Russia tariff before sanctions law takes effect
Opt-Out Sanctions
The Trump administration waived nearly all sanctions and tariffs required by the Russia sanctions law backed by Lindsey Graham. That happened before the law’s main penalties took effect, turning a congressional pressure campaign into exemptions for Moscow.
The waived measures included a 500% tariff on Russian goods and 100% tariffs on major buyers of Russian oil and gas. The executive order cited U.S. national interests, and the protections for Russia’s energy exports have no fixed expiration date. Ukrainian supporters and lawmakers objected, while Senators Ted Cruz and Mark Kelly said the move weakened pressure on Vladimir Putin.
The Trump administration waived nearly all sanctions and tariffs required by the Russia sanctions law backed by Lindsey Graham. That happened before the law’s main penalties took effect, turning a congressional pressure campaign into exemptions for Moscow.
The waived measures included a 500% tariff on Russian goods and 100% tariffs on major buyers of Russian oil and gas. The executive order cited U.S. national interests, and the protections for Russia’s energy exports have no fixed expiration date. Ukrainian supporters and lawmakers objected, while Senators Ted Cruz and Mark Kelly said the move weakened pressure on Vladimir Putin.
Timeline3
Sep 18
Trump signed the Russia sanctions law backed by Lindsey Graham.
Oct 17
The administration waived nearly all sanctions and tariffs required under the law.
Oct 18
Senator Ted Cruz criticized the waiver as a mistake that benefits Putin.
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Oct 18