Trump Signs Executive Order Waiving Russian Sanctions and Tariffs Under Graham Act

US President Donald Trump has issued an executive order invoking national interest waivers to block new Russia-related sanctions and tariffs mandated by the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. Enacted last month, the legislation mandated economic penalties and tariffs of up to 100% on goods from major purchasers of Russian oil and gas within a 30-day window. The waivers follow diplomatic discussions where Russian President Vladimir Putin agreed to release millions of tons of diesel to curb global energy prices.