Trump Waives Russia Sanctions, Envoy Calls It 'Historic Moment'

The Hindu - International · world

A Russian presidential envoy has declared U.S. President Donald Trump's decision to waive new sanctions on Russia a "historic moment." Trump signed an executive order on Friday, October 16, 2026, suspending sweeping sanctions and tariffs targeting Russia's energy revenues just before they were set to take effect. The envoy stated the waived sanctions, part of the Lindsey Graham Act, would have caused significant damage to the U.S. economy and global markets. This move is seen as a major diplomatic win for Russia amid ongoing conflict in Ukraine.