Donald Trump issued an October 16 order waiving new Russia-linked duties before the October 18 deadline arrives for targeting certain countries over new Russian energy purchases. The order implements the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, specifying additional duties of 500% on Russian goods and 100% on goods from two country groups: the five largest Russian oil and gas importers making new purchases after October 18, and the top five facilitators of Russian sanctions evasion. The waivers have no fixed expiry and remain effective until the president or secretary of state determines further action is appropriate. Keeping these new duties waived could limit an additional tariff and energy-inflation shock, easing one potential source of pressure on tighter financing conditions for Bitcoin.
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