President Donald Trump signed an executive order waiving sweeping US sanctions and tariffs targeting Russia's energy revenues, after signing them into law last month. The Lindsey Graham Act allowed Trump to impose duties of up to 100 percent on major buyers of Russian oil and gas. The executive order stated that the application of the sanctions, restrictions and duties provided for in the Graham Act was being waived. The law had targeted Russia's energy and defence sectors, President Vladimir Putin and other senior officials, as well as Moscow's shadow fleet of tankers used to circumvent Western sanctions.
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