Breaking
CNTPBL》Poseidon champion He Dan makes his debut! Dreamers only log in to Shuangyang JiangFRMobilization of October 17: Roof and belfry collapsed… Limoges town hall burned down during the violenceJPSaijo city vice mayor dies, crushed under festival bearer - EhimeITCanada, 'tragic fire at military base, there are dead and injured'CNThe 44th Chrysanthemum Cultural Festival in Kaifeng, China, kicks off with 3.3 million pots of chrysanthemums filling the streets with their fragranceTRMeteorology announced: Weather report for October 18, 2026... What will the weather be like today?KRAlthough the head of the Heavy Water Administration was filled... Prosecutor General vacant for 474 days, Attorney General vacant for 54 daysCNBlue and White criticize the President for his double standards! The DPP named Jiang Wanan and Huang Guochang: 40 billion is burned every year, "Where does the money come from?"CNAI stocks have been sold off! However, TSMC was named by foreign media as “it’s time to buy now”, revealing the confidence behind its success.CNProtests in France broke out with beatings, smashing, looting and burning! In 2014, the city hall was set on fire and a 17-year-old boy's right hand was blown off.CNTPBL》Poseidon champion He Dan makes his debut! Dreamers only log in to Shuangyang JiangFRMobilization of October 17: Roof and belfry collapsed… Limoges town hall burned down during the violenceJPSaijo city vice mayor dies, crushed under festival bearer - EhimeITCanada, 'tragic fire at military base, there are dead and injured'CNThe 44th Chrysanthemum Cultural Festival in Kaifeng, China, kicks off with 3.3 million pots of chrysanthemums filling the streets with their fragranceTRMeteorology announced: Weather report for October 18, 2026... What will the weather be like today?KRAlthough the head of the Heavy Water Administration was filled... Prosecutor General vacant for 474 days, Attorney General vacant for 54 daysCNBlue and White criticize the President for his double standards! The DPP named Jiang Wanan and Huang Guochang: 40 billion is burned every year, "Where does the money come from?"CNAI stocks have been sold off! However, TSMC was named by foreign media as “it’s time to buy now”, revealing the confidence behind its success.CNProtests in France broke out with beatings, smashing, looting and burning! In 2014, the city hall was set on fire and a 17-year-old boy's right hand was blown off.
Back'Trump to take 60 days to weigh Russia sanctions'
'Trump to take 60 days to weigh Russia sanctions'
Developing
Economic Times1 hour agoWorld2 min readIndia

'Trump to take 60 days to weigh Russia sanctions'

Quick Look

  • US President Donald Trump announced a temporary waiver of sanctions and tariffs on Russian exports, with a 60-day review period stated by Secretary of State Marco Rubio to assess economic impacts.
  • The decision comes amid rising energy prices due to the ongoing conflict in Iran and has drawn criticism from Ukrainian President Volodymyr Zelenskiy, who argues it may empower Russian President Vladimir Putin.
  • Trump also referenced a separate agreement with Russia to increase diesel supplies to global markets.

AI-generated summary

Why It Matters

The waiver comes amid rising energy prices resulting from the ongoing conflict in Iran, which has disrupted global oil supplies. Trump signed an executive order on Friday waiving key sanctions and tariffs under the Graham Act, which he signed last month at the urging of lawmakers who want to pressure Moscow over its war in Ukraine.

Font size

US President Donald Trump announced a temporary waiver of sanctions and tariffs on Russian exports. Secretary of State Marco Rubio stated a 60-day review period for assessing economic impacts is underway. This decision comes amid rising energy prices resulting from the ongoing conflict in Iran. Critics, including Ukrainian President Volodymyr Zelenskiy, argue this may empower Russian President Vladimir Putin further.

The day after waiving sanctions and tariffs related to Russian exports, US President Donald Trump said on Saturday he has yet to announce a final decision on the matter as Secretary of State Marco Rubio said officials want more time to evaluate the situation.

Rubio said on Saturday that the president will use up to 60 days to assess the economic impact of Russia-related sanctions and tariffs that he waived a day earlier.

"A lot of you don't know what my decision is yet, but we'll figure it out, and you'll figure it out," Trump told reporters at his Mar-a-Lago club in Palm Beach, Florida.

The waiver comes just weeks before November's midterm elections, with Trump under pressure over high energy prices as war with Iran disrupts global oil supplies.

Trump signed an executive order on Friday waiving key sanctions and tariffs under the law known as the Graham Act, which he signed last month at the urging of lawmakers who want to pressure Moscow over its war in Ukraine.

Live Events

The measures, including tariffs on Russian goods and penalties on countries buying Russian oil and gas, were due to take effect next week. Friday's order did not specify how long the waiver would last, but Rubio said Trump opted for a 60-day review.

"I think the president wants to take the 60-day period of time to sort of analyze what imposing both sanctions and tariffs will mean to the global economy and even to the US economy," Rubio told reporters before boarding a plane for a trip to Uzbekistan.

Complicating matters is the Graham Act's call not only for sanctions on Russia but also for tariffs on goods from countries that import Russian energy supplies. Rubio pointed to India, an important US partner that has diversified its energy supplies but remains heavily dependent on Russian oil.

Friday's executive order drew criticism from Ukrainian President Volodymyr Zelenskiy, who warned it would embolden Russian President Vladimir Putin and prolong the war.

Senator Darline Graham, a South Carolina Republican whose late brother Lindsey Graham championed the legislation that bears his name, said she disagreed with Trump's decision and planned to discuss it with him when he campaigns for her next week.

"Personally, I would choose to keep the pressure on Russia," she told reporters on Saturday. "Because I don't trust Putin and I don't trust Russia."

DIESEL SUPPLIES

Rubio also defended a separate US agreement with Russia to increase diesel supplies to global markets, aimed at easing fuel prices that have climbed amid the war with Iran and disruptions to energy supplies.

Under the agreement, Trump said Russia initially would supply more than 300,000 metric tons of diesel to the United States, followed by shipments in November and beyond.

"That diesel is going to be sold one way or the other," Rubio said. "The only difference is how much of it the United States was going to get."

Rubio said the diesel deal and sanctions waiver reflected the challenge of managing conflicts in the Middle East and Ukraine that have disrupted global energy supplies.

"These conflicts around the world are starting to crash into each other," he said.

What to Watch

AI outlook — possibilities, not facts

  • Trump will announce a final decision on the Russian sanctions and tariffs waiver within the 60-day review period.

    Very likely · Within weeks

  • The diesel supply agreement between the US and Russia will proceed as outlined, with initial shipments of over 300,000 metric tons to the United States.

    Likely · Within months

Open Questions

  • What will be the final decision on the sanctions and tariffs after the 60-day review?
  • How will the diesel supply agreement with Russia affect global fuel prices?
  • What specific economic impacts are officials evaluating during the review period?
  • How will Ukraine and NATO allies respond to the waiver in the long term?

Related Topics

This article was originally published by Economic Times.

Related Stories

More on this topictrump