Trump Waives Russian Sanctions, Citing Global Economic Impact Amid Iran War

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-18
Category: world
Source: Modern Diplomacy

US President Donald Trump has waived sanctions and tariffs on Russian exports, a decision drawing outrage from Congress. Secretary of State Marco Rubio indicated it is a 60-day pause to analyze the economic effects on the global economy, particularly in light of high energy prices and disruptions to global oil supply caused by the ongoing war with Iran.

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