Trump waives Russia oil sanctions

17-Oct-2026

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US President Donald Trump waived sanctions and tariffs under the Sanctioning Russia and Iran Act of 2026, citing US national interest amid rising energy costs and geopolitical tensions. 

The act, aimed at penalizing Russian oil buyers like India and China, was intended to increase pressure over Russia's Ukraine invasion. Critics argue the waiver undermines efforts to punish Russia and aids Moscow's war funding. 

Meanwhile, US-India energy cooperation intensifies as the administration balances domestic fuel prices and international sanctions enforcement.