NBC
News - President Donald Trump
waived sweeping new sanctions against Russia passed by Congress, arguing in an
executive order Friday that the move “is in the national interests of the
United States.”
Trump had signed the legislation,
named for the late Sen. Lindsey Graham, R-S.C., just last month. The bill took
aim at Russia’s largest buyers of oil and gas, allowing the president to impose
tariffs on goods from those countries, which may include China and India.
Passed with bipartisan support,
the bill was intended to target Russia’s revenue streams as the country
continues to wage its war against Ukraine. Suspending the sanctions provides
Russia a financial lifeline.
Trump’s decision to put a hold on
the sanctions package comes after he announced a deal with Russian President
Vladimir Putin last week to release hundreds of thousands of tons of Russian
diesel fuel onto the global market as fuel prices soar.
Trump has expressed frustration
with Ukraine’s attacks on Russian oil and gas infrastructure and has blamed
them for the increase in fuel costs while downplaying the impact of the Iran
war on the oil market.
Ukrainian President Volodymyr Zelenskyy said Saturday that lifting sanctions was “wrong” and “only helps the Russians.”
NY Times - The White House has broad authority to issue sanctions exemptions or waivers, and the new law requires Mr. Trump to notify Congress only if he opts against imposing the economic restrictions on Russia. Two days before the law is set to take effect, Mr. Trump exercised that power.
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