White House: President Trump Eases Some Russia Sanctions Under Graham Act

Washington, Oct 17 (KUNA) -- The White House announced the easing of certain restrictions imposed on Russia under the Graham-Levin Act, which sanctioned Russia and Iran earlier this year. In a presidential memorandum sent to Congress early Saturday, the White House stated that President Donald Trump issued an executive order easing sanctions on Russia under the Graham-Levin Act, which exempts Moscow from certain trade restrictions and tariffs. The exemptions cover individuals, entities, and financial institutions, as well as additional customs duties that the law had authorized President Trump to impose on Moscow. The exemptions will remain in effect until a further decision is made, with the White House noting that this move “is in the interest of the United States.” Last September, Trump signed the Graham-Levin Act, which expands sanctions on Russia and Iran and grants the president the authority to impose tariffs of up to 100 percent on countries that purchase Russian oil and gas. (End) A.M.M. / M.M.J.