Brief by Shorts91 Newsdesk / 07:22am on 17 Oct 2026,Saturday International
US President Donald Trump has waived key sanctions and tariffs targeting Russia and countries purchasing Russian oil and gas, just one day before the measures were due to take effect on October 18, 2026. The decision offers temporary relief to India and China, major importers of Russian energy, from potential US tariffs of up to 100% on their exports. Trump justified the waiver by citing American national interests amid concerns over rising energy prices. The measures were part of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. However, Washington retains the authority to reinstate the tariffs. (PC: India Today)
