Washington DC/IBNS, Oct. 17 -- In a major relief for India and China, US President Donald Trump has waived sanctions, restrictions and duties related to Russian energy exports under a law he signed last month.

Trump suspended the measure that threatened to impose 100 per cent tariffs on India and other major buyers of Russian crude oil, citing the national interests of the United States.

However, the move does not permanently scrap the proposed Russia-related tariffs. Their implementation has been suspended, leaving Trump free to impose them at a later date.

Trump signed the Graham Act into law on September 18, 2026.

Section 115 of the legislation authorises the President to waive sanctions against foreign persons, restrictions on ind...