US President Donald Trump wrote in a Truth Social post on 18 October that he did not want to “drive, foolishly, Russia away from the bargaining table.” He also wrote: “Signing that document at this time will do that, and I can sign it later, or any time that I want!”
Trump was referring to sanctions and tariffs under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which he waived in an executive order on 16 October, days before the measures were due to take effect. The waiver suspends additional economic penalties intended to pressure Moscow over its war against Ukraine, while leaving earlier US sanctions in place. The decision came weeks before the 3 November midterms, in which Republicans are defending slim majorities in both chambers, and analysts said the penalties could have pushed up oil prices for Americans already paying more, largely because of the US-Israeli war with Iran, Reuters reported.
A week before the waiver, Trump had announced a deal for Russia to increase diesel supplies to global markets. The Treasury also issued a license, valid until 7 April 2027, permitting certain transactions in Russian-origin diesel.
In the Truth Social post, Trump accused Ukrainian President Volodymyr Zelenskyy of targeting Russian diesel refineries, saying the strikes were “seriously hurting the world diesel markets, including those in the United States.” Kyiv had paused its refinery strikes for three days at Washington’s request after Trump declared an energy ceasefire on 11 October, which Russia never confirmed, then resumed them. Since then, Russia has struck Ukraine’s energy sector 76 times, Zelenskyy said on 18 October.
Trump wrote that Zelenskyy “doesn’t want to end this war, and probably never did,” and that he “could have made a better deal two years ago than he can now.”
“His country is in shambles, a large portion of his land is lost, his oceans and seas are gone, and his male population is low, wounded, and/or dead,” Trump added.
He also said Russia was “doing very little, if anything, to help” Iran and that he wanted to keep it that way.
On 17 October, Trump told reporters at Mar-a-Lago that he had not announced his final decision. “A lot of you don’t know what my decision is yet, but we’ll figure it out, and you’ll figure it out,” he said, Reuters reported.
“I think the president wants to take the 60-day period of time to sort of analyze what imposing both sanctions and tariffs will mean to the global economy and even to the US economy,” US Secretary of State Marco Rubio told reporters before departing for Uzbekistan the same day.
Zelenskyy called it a “pity” that Trump had waived sanctions under a law named for the late Senator Lindsey Graham, who “really believed in Ukraine.” He said he hoped Trump would change his decisions, NBC News reported.
Discussing the diesel deal on NBC’s Meet the Press, Zelenskyy said US oil prices had risen because shipping through the Strait of Hormuz was blocked, not because of Ukraine.
On 17 October, Zelenskyy told journalists that “the decision to undo all of this, to block all of it, seems wrong to me” and that it “definitely helps only the Russians.” His remarks appeared in Ukrainian on his official Telegram channel.
“Sanctions relief will continue. I think the diesel deal and the move regarding the Lindsey Graham Act are not the end of it. Unfortunately,” Zelenskyy said.
On 19 October, Zelenskyy wrote that partners had again given no warning of Russia’s overnight ballistic attack and that blocking missiles for Ukraine’s air defense while Russia gets sanctions eased or postponed amounts to partners denying reality.
Republican Senator James Lankford defended Trump’s decision on NBC’s Meet the Press, saying the president was “choosing the American people first.”
Senator Darline Graham, Lindsey Graham’s sister, whom Trump has endorsed for a full term, said at a campaign stop on 17 October that she would “choose to keep the pressure on Russia.”
“I don’t trust Putin and I don’t trust Russia,” Darline Graham said.
She did not directly criticize Trump but said she would not have made that choice, Reuters reported.
The single most predictable action of the Trump second presidency happened just a few hours ago. Trump signed an executive order that exempted Russia from all of the key possible sanctions that could have been placed on it by the Graham-Blumenthal bill. Here is a link to the order and here is how it opens. The […]
The post Trump protects Putin from Graham-Blumenthal bill appeared first on Asia Times.
A bipartisan group of 22 House lawmakers is urging President Donald Trump to fully implement the new Russia sanctions law and revoke a license allowing certain Russian diesel transactions. In a letter sent on 15 October, they copied Secretary of State Marco Rubio and Treasury Secretary Scott Bessent and requested details on planned sanctions, tariffs and waivers.
Their request comes as the law’s first requirements fall due on 18 October, while lawmakers from both parties challengethe administration’s decision to allow certain Russian diesel transactions. Some restrictions take effect automatically, while others require presidential action. The law does not specify a penalty for the president missing the deadline.
Congress passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by votes of 86–11 in the Senate and 262–159 in the House. Trump signed it on 18 September. Graham, a Republican senator from South Carolina, died in July.
Restrictions taking effect automatically on 18 October include a ban on US banks and broker-dealers processing transfers to or from the Russian government, a ban on new US investment in Russia, a ban on new US investment in Russia’s energy sector, and a ban on US energy exports to Russia.
Other measures require presidential action by the same date. The law directs Trump to review and sanction Russian officials, oligarchs and shadow-fleet vessels, sanction the Bank of Russia, specified Russian banks and state-owned companies, and impose tariffs of up to 500% on Russian goods. Tariffs of up to 100% can apply to goods from countries among the five largest importers of Russian oil or gas, or among the top five countries facilitating Russian oil sanctions evasion.
Trump may waive sanctions, restrictions and tariffs under the law if he first certifies in writing to Congress that a waiver is in the US national interest and submits a report explaining its basis.
House members also urged Trump to revoke General License 135, which the Treasury Department issued on 9 October and that is valid until 7 April 2027. It permits certain transactions involving Russian-origin diesel, including imports into the United States. Trump said Russia would immediately supply more than 300,000 tons of diesel to US and global markets and predicted prices would fall sharply, according to a 9 October Truth Social post.
On 13 October, a bipartisan group of 12 senators also urged Trump to rescind the deal and revoke the license. Seven senators said the deal conflicted with a 2022 law banning Russian energy imports.
The Graham Act says nothing in its provisions affects the Treasury secretary’s existing authority to issue general licenses. That provision does not resolve whether the diesel license complies with the separate 2022 law.
A White House official told Newsweek the administration would comply with the Graham Act. Bessent said the administration would use “all the legal authorities we have” and called the deal “good for the American people,” Fox News reported on 11 October.
Separately, the law sets a process for terminating sanctions, restrictions or duties against Russia. Trump must report to Congress that Russia has signed a peace agreement accepted by Ukraine’s government and ceased military hostilities against Ukraine, as well as activities to overthrow, dismantle or subvert its government. Congress has 30 days to block termination through a joint resolution of disapproval, or 60 days for reports submitted between 10 July and 7 September.
President Donald Trump’s decision to reopen trade in Russian diesel has implications extending well beyond American fuel prices. The agreement, announced ahead of November’s congressional elections, coincides with negotiations over Russian energy assets and mounting American pressure on Ukraine to suspend attacks against Moscow’s oil infrastructure.
The US Treasury’s General Licence 135, issued on 9 October, authorises transactions involving Russian-origin diesel until 7 April 2027. Unlike Trump’s public announcement, which referred to specific quantities destined for the American market, the licence establishes no corresponding volume ceiling or restriction confining authorised trade to the United States.
Its provisions permit American businesses to participate in eligible international transactions involving Russian diesel, including associated financial and commercial services. Existing sanctions remain formally in force, but an important category of Russian petroleum trade has been reopened.
The arrangement potentially benefits not only Russian producers but also American commodity traders, financial institutions and intermediaries capable of purchasing Russian fuel and distributing it internationally.
The legal mechanism offers Washington considerable flexibility. Rather than formally abandoning restrictions imposed over Russia’s invasion of Ukraine, the administration can authorise selected transactions while maintaining the broader sanctions framework.
Congress’s Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 strengthened the legislative basis for economic pressure on Moscow but also provided presidential waiver powers.
General Licence 135 was issued under existing Treasury sanctions authorities, rather than necessarily through those waiver provisions. Nevertheless, the combined framework leaves the administration substantial discretion over the practical application of economic restrictions.
Washington can consequently maintain its declared sanctions policy while selectively restoring commercial relations with Russia. European governments, which have maintained extensive restrictions on Russian energy, have little influence over such unilateral American exemptions.
The timing becomes more revealing when considered alongside negotiations over Lukoil’s international assets.
American investors have been exploring the acquisition of the Russian company’s overseas operations, including oilfields, refineries, storage facilities and retail distribution networks. The portfolio has been valued at approximately $20–22 billion.
Among the prospective investors is billionaire Todd Boehly, while discussions concerning Russian-American economic cooperation have involved Trump’s representatives Steve Witkoff and Jared Kushner.
An American-controlled acquisition of Lukoil’s international network could complement the commercial opportunities created by the diesel authorisation.
Russian petroleum products could potentially be purchased and marketed through American-controlled businesses, allowing Russian suppliers to retain export revenues while intermediaries earn profits from financing, distribution and resale.
No evidence establishes that General Licence 135 was specifically designed for the prospective Lukoil purchasers, or that Trump personally holds an interest in the proposed transactions. Nevertheless, the parallel negotiations suggest the possibility of an emerging commercial arrangement under which American intermediaries assume a greater role in Russian energy exports.
The consequences for Ukraine could be considerable.
Kyiv has expanded attacks against Russian refineries, fuel depots and petroleum infrastructure, seeking to reduce Moscow’s export earnings and disrupt supplies supporting its armed forces.
Trump has repeatedly criticised these strikes, linking them to higher international fuel prices. His administration now has an additional commercial reason to seek their suspension.
On 11 October, Trump announced an energy ceasefire between Russia and Ukraine, although President Volodymyr Zelenskyy indicated that Kyiv had not agreed to such an arrangement.
Ukraine has maintained that any suspension of attacks against Russian energy facilities must be matched by an end to Moscow’s strikes on Ukrainian power infrastructure.
An agreement protecting Russian refineries without equivalent Russian concessions would preserve an important source of Kremlin revenue while depriving Kyiv of military and economic leverage.
The immediate political advantage for Trump is apparent. Rising diesel prices have become a concern ahead of the 3 November midterm elections, particularly among farmers and transport businesses. Additional Russian supplies offer the administration an opportunity to demonstrate action on domestic fuel costs.
Yet the six-month Treasury authorisation extends considerably beyond the election, suggesting commercial objectives that cannot be explained exclusively by short-term electoral considerations.
The emerging pattern is one of bilateral economic engagement with Moscow proceeding independently of a settlement in Ukraine. Russian energy trade is being selectively reopened, American investors are pursuing Russian-owned assets, and Washington is seeking restrictions on Ukrainian operations against the infrastructure underpinning those commercial interests.
For European governments, this threatens the cohesion of the sanctions regime. Brussels may continue restricting Russian energy revenues while Washington authorises transactions that restore access to international markets.
The larger prospect is a system in which Russia retains export earnings, American intermediaries acquire profitable commercial positions, and sanctions become instruments of bilateral negotiation rather than coordinated Western pressure.
Trump’s diesel agreement may therefore represent the opening stage of a wider economic accommodation with Putin, negotiated while Russia continues its war against Ukraine and without any corresponding Russian commitment to withdraw from occupied territory.
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