President Donald Trump will take up to 60 days to decide on Russia-related sanctions and tariffs that he waived on Friday, according to Secretary of State Marco Rubio. Trump told reporters on Saturday that he has not yet announced a final decision on the matter.
The decision on sanctions and tariffs on Russia, coupled with an agreement to increase diesel supplies, could impact global energy prices and the ongoing conflict in Ukraine.
President Donald Trump signed an executive order on Friday waiving key sanctions and tariffs under the Graham Act, which was enacted to pressure Moscow over its war in Ukraine. The measures, including tariffs on Russian goods and penalties on countries buying Russian oil and gas, were due to take effect next week. Trump told reporters on Saturday that he has not yet announced a final decision on the matter. Secretary of State Marco Rubio stated that the president will use up to 60 days to assess the economic impact of these sanctions and tariffs. The waiver comes weeks before the midterm elections, amid pressure on Trump over high energy prices due to disruptions from the war with Iran. Rubio also defended a separate US agreement with Russia to increase diesel supplies to global markets, aiming to ease fuel prices. Under this agreement, Russia will initially supply more than 300,000 metric tons of diesel to the United States. Ukrainian President Volodymyr Zelenskiy criticized the executive order, warning it would embolden Russian President Vladimir Putin. Senator Darline Graham also expressed disagreement with Trump's decision.
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