U.S. President Trump says sanctions tariffs on Russia will not be applied, takes a conciliatory stance, senses crisis over soaring diesel oil price

[Washington Current Affairs] On the 16th, U.S. President Trump signed an executive order exempting major countries that purchase crude oil and natural gas from Russia from 100% tariffs under the Russia Sanctions Act. This is a sign of a conciliatory attitude toward Russia, which has agreed to supply diesel oil to countries such as the United States. There is a growing sense of crisis as the sharp rise in diesel oil prices is hurting the mid-term elections on November 3rd.

US enacts sanctions law against Russia, imposing 100% tariffs on countries that purchase crude oil

The law imposes 100% tariffs on the top five countries that purchase Russian crude oil and natural gas. Trump signed it into law in September. The government did not specify the period of the exemption, saying it would be "until it is deemed appropriate" to take additional measures. It was scheduled to be introduced on the 18th of this month.

According to the presidential order, additional tariffs of 500% on Russian products will not be applied. It said it submitted a document to Congress stating that ``it is in the national interest of the United States to issue such a waiver at this time.'' The law was spearheaded by Lindsey Graham, a prominent Republican who was known as a hard-liner against Russia and who suddenly passed away in July, and Trump had also begun to take a positive stance toward its passage.