← Back to issue
Ongoing27 earlier updates52 days

This story has run 28 times over 52 days, starting Aug 26.

  1. CIA chief Ratcliffe makes rare Moscow visit
  2. CIA chief reportedly warned Moscow against a limited Russian attack on NATO
  3. CIA chief secretly met Russian intelligence officials in Moscow
  4. UpdateCIA chief told Moscow to end the Ukraine war before Russia’s military and economy worsen
  5. Russian drone hits ammunition depot near Kyiv, killing 38; four remain missing
  6. Russia's finance minister returned to the G20 in person for the first time since the Ukraine invasion
  7. Witkoff and Kushner meet Putin in Moscow Sept. 5, Zelensky in Kyiv Sept. 6, carrying a U.S. proposal to end the war
  8. UpdatePutin orders 72-hour halt to strikes on Kyiv while Witkoff and Kushner visit, after a three-hour Kremlin meeting
  9. UpdateWitkoff and Kushner hold first Kyiv talks of the war, agreeing on next steps but no terms; announcement promised in weeks
  10. UpdateWitkoff says Moscow-Kyiv trip produced 'substantive progress' on scheduling more talks, with no date set and no terms disclosed
  11. UpdateRussia resumed strikes on Kyiv after the truce, killing 7; Trump and Putin then talked for an hour
  12. UpdateTrump says Russia's president wants a Ukraine peace deal after their phone call
  13. House schedules vote next week on authorizing 100% tariffs on Russian oil buyers
  14. UpdateVladimir Putin warned that sending European troops into Ukraine means war with Russia.
  15. Trump announced a Russia-Ukraine energy truce Kyiv calls conditional
  16. UpdateThe House voted 214-211 to advance 100% tariffs on buyers of Russian oil
  17. UpdateCongress sends Trump a bill letting him impose 100% tariffs on countries that buy Russian oil
  18. UpdateTrump signs the bill authorizing 100% tariffs on buyers of Russian oil
  19. Trump and Zelensky agree to New York talks, expected Sept. 22
  20. UpdateZelensky asks Trump for a mutual halt on energy and port strikes
  21. Zelensky (President, Ukraine) urges countries to limit trade with Russia to cut war funding
  22. UpdatePutin added a sale of Lukoil's foreign oil assets to US-Russia Ukraine talks; the buyers include Witkoff and Kushner business partners
  23. UpdateTreasury lifts U.S. sanctions on Russian diesel until April 7, 2027, after Trump says Russia will send 4.8 million tons
  24. UpdateRussian glide bombs kill 20 in Zaporizhzhia a day after the U.S. suspended Russian diesel sanctions; Putin tells Trump talks won't resume soon
  25. UpdateFour Republican senators join Democrats in demanding Trump reverse his Russian diesel deal, saying he skipped steps the law requires
  26. UpdateTrump defends letting Russian diesel into the U.S. as analysts say the 300,000-ton first shipment is too small to lower prices
  27. Update12 senators, six from each party, ask Trump to rescind his deal lifting U.S. sanctions on Russian diesel
  28. Trump waives the Russian energy tariffs and sanctions required by the Graham law he signed last month — this issue
BLOOMBERG

Trump waives the Russian energy tariffs and sanctions required by the Graham law he signed last month

Political Guyentist · October 17, 20262 min read

BLOOMBERG

Bloomberg reports the penalties were blocking his push to bring down diesel prices before the Nov. 3 midterms.

Donald Trump waived the large tariffs on Russian energy exports that the Graham sanctions law requires. That law puts tariffs and sanctions on Russian energy, and Trump signed it in September. It is named for Lindsey Graham (Sen-R South Carolina), and it made the penalties mandatory unless the president used its waiver.

Bloomberg reports the White House saw the penalties as an obstacle to its effort to lower diesel prices before the Nov. 3 midterm elections.

The real number. U.S. diesel averaged $6.18 a gallon the week of Oct. 12, per the Energy Information Administration (EIA). That is down from $6.53 the week of Sept. 21, the year's high in EIA's weekly series, but $2.51 above the same week a year earlier.

What we’re less sure of3 of 6 claims

Red take

Trump was right to use the waiver Congress built into the law: the White House judged these tariffs an obstacle to cheaper diesel, which cost $6.18 a gallon on Oct. 12 against $3.49 in May 2025. The law named for Lindsey Graham, the South Carolina Republican senator, kept that escape hatch for the president, and refusing to use it would rank a show of pressure on Moscow above truckers and farmers paying nearly double at the pump.

Blue take

A sanctions law Trump signed in September now binds only when he chooses: its waiver clause needs no vote, never expires, and gives Congress no built-in way to overturn it. Treasury had already licensed Russian diesel through April 7, 2027, in an Oct. 9 decision. What the waiver adds, after Bloomberg reported a midterm motive, is a lesson for Moscow that American penalties can be switched off before an election.