What the Russia Sanctions Waiver Actually Says, and How Oil Reacted

Описание: On October 16, 2026, President Trump signed an executive order waiving the main penalties in the Lindsey O. Graham Sanctioning Russia and Iran Act. ABC News reports the order waives every operative section of the law pertaining to Russia, including tariffs of up to 500% on Russian goods and up to 100% on the top five buyers of Russian oil and gas and the top five countries helping Russia evade oil sanctions. Sanctions imposed under earlier executive orders remain in place. On Monday, Reuters reported oil slipped in early Asian trade, and said the waiver may lead to more Russian fuel exports.

On Saturday, Secretary of State Marco Rubio described the waiver as a 60-day period to analyze the sanctions’ and tariffs’ impact on the global and US economies. As reported, the order itself sets no automatic expiry and stays in effect until the President or other officials determine further action is appropriate. Rubio is reported to be meeting India’s foreign minister on October 20; India is among the largest buyers of Russian oil. Here’s what the order says, what changed in the market, and what to watch next, with no spin.

Sources: ABC News, Reuters, CNN, and Newsweek coverage, October 16-19, 2026. Confirm the order’s exact terms on whitehouse.gov.

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