President Donald Trump signed an executive order Friday waiving parts of the Graham Act sanctions package against Russia, citing U.S. national interests. The legislation, backed by the late Senator Lindsey Graham, required tariffs of up to 500% on Russian goods and up to 100% on countries including China and India that are among the top five purchasers of Russian crude oil or gas. The waiver came two days before the law’s implementation deadline. Existing sanctions under earlier executive orders remain in place. Ukrainian President Volodymyr Zelenskyy warned that the decision could set a precedent for further sanctions relief, citing banking systems and specific individuals as potential next targets.
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