Event Brief
UPDATED Oct 17, 2026 at 11:00 PM ET
Oct 17, 2026 at 4:20 PM ET
Trump waives sanctions and tariffs targeting Russian oil buyers
By The BriefBrief
President Donald Trump waived new U.S. sanctions and tariffs on large-scale buyers of Russian oil, temporarily easing restrictions Congress had recently passed. The move offers relief to countries including India. Trump cited national security concerns, while the CBS account said he sought to ease energy prices by tapping Russian supplies.
WHO: President Donald Trump
WHAT: Trump waived new sanctions and tariffs targeting large-scale buyers of Russian oil.
WHEN: Oct 16, 2026
WHERE: USA
WHY: Trump said he acted over national security concerns; the waiver was also described as an effort to ease energy prices by tapping Russian energy.
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