Donald Trump Waives Russia And Iran Sanctions Under Graham Act, Cites US National Interest As India Faces Potential Russian Oil Tariffs
US President Donald Trump has waived sanctions, restrictions and duties under the Sanctioning Russia and Iran Act, citing national interest. The executive order follows a certification submitted to Congress, as the law empowers him to target Russia and major buyers of its oil and gas.
Donald Trump Waives Russia And Iran Sanctions Under Graham Act, Cites US National Interest As India Faces Potential Russian Oil Tariffs | File Pic
Washington: US President Donald Trump has issued a waiver from sanctions, restrictions and duties under the Sanctioning Russia and Iran Act, citing national interest.
“I am hereby waiving the application of such sanctions, restrictions, and duties provided for in the Graham Act,” Trump said in an executive order issued on Friday evening.
Trump said he had submitted to Congress a certification that issuing such a waiver at this time is in the national interest of the United States.
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The Lindsey O Graham Sanctioning Russia and Iran Act empowered Trump to impose sweeping sanctions on Moscow and slap steep tariffs against the world’s largest purchasers of Russian oil and gas, including China and India.
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