Trump Eases Some Russia Sanctions Under Graham Act - Sarmad
White House Announces Easing of Restrictions on Russia and Iran via Executive Order
Translated by Qiyas from سرمد — Original source
The White House announced the easing of certain restrictions imposed on Russia under the Graham-Cassidy Act, which imposed sanctions on Russia and Iran earlier this year.
In a presidential memorandum sent to Congress early Saturday morning, the White House stated that President Donald Trump issued an executive order easing sanctions on Russia under the Graham Act, including exemptions for Moscow from certain trade restrictions and tariffs.
The exemptions cover individuals, entities, and financial institutions, as well as additional customs duties that the law authorized President Trump to impose on Moscow.
It clarified that the exemptions will remain in effect until a further decision is made regarding them, noting that this move “serves the interests of the United States.”
Last September, Trump signed the Graham 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.
