Trump takes 60 days to review Russia sanctions waiver, Rubio says

Summary

• US President Donald Trump will take up to 60 days to assess the economic impact of sanctions and tariffs targeting Russia after temporarily suspending key measures aimed at pressuring Moscow over its war in Ukraine, Secretary of State Marco Rubio has said.
• Trump signed an executive order on Friday waiving key sanctions and tariffs linked to the Graham Act, legislation introduced to increase economic pressure on Russia over its invasion of Ukraine.
• Under the legislation, tariffs could be imposed on goods from countries importing Russian energy supplies, creating potential complications for Washington’s relations with key economic and strategic partners.

AI Generated Summary

US President Donald Trump will take up to 60 days to assess the economic impact of sanctions and tariffs targeting Russia after temporarily suspending key measures aimed at pressuring Moscow over its war in Ukraine, Secretary of State Marco Rubio has said.

The decision comes amid rising energy prices and disruptions to global oil supplies caused by the ongoing war involving the United States and Iran. The administration is weighing the potential economic consequences of imposing restrictions on Russia while seeking to ease pressure on fuel markets.

Trump signed an executive order on Friday waiving key sanctions and tariffs linked to the Graham Act, legislation introduced to increase economic pressure on Russia over its invasion of Ukraine. The measures were scheduled to take effect next week and included tariffs on Russian goods and penalties on countries purchasing Russian oil and gas.