The Lindsey O. Graham Act would have imposed tariffs of up to 100 percent on imports from the five largest buyers of Russian crude oil or gas.

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U.S. Secretary of State Marco Rubio stated that U.S. tariff waivers on Russian oil purchases were linked to progress in finalizing a U.S.-India trade deal

U.S. President Donald Trump waived a congressional sanctions package named after Lindsey Graham against Russia, stating the sanctions pause was intended to encourage Russia to remain at the Russia-Ukraine peace bargaining table

U.S. President Donald Trump suspended certain energy sanctions against Russia and five major buyers of Russian oil, including India

India and the United States reached an interim trade agreement in February 2026 to reduce tariffs, but progress paused after the U.S. Supreme Court struck down U.S. President Donald Trump's tariffs

Ukrainian President Volodymyr Zelensky stated following a meeting with Belgian King Philippe that frozen Russian assets must remain immobilized during the war.

U.S. President Donald Trump signed an executive order on October 16, 2026, waiving sweeping sanctions and tariffs on Russia that were set to take effect on October 18, 2026.

President Donald Trump announced an agreement on October 9, 2026, allowing Russia to supply diesel to the global market, authorized via Treasury General License 135 through April 7, 2027.

President Donald Trump stated that allowing Russian diesel onto the global market aims to lower fuel prices for American consumers and signal potential economic benefits to Moscow.

The October 9, 2026 agreement between Russian President Vladimir Putin and U.S. President Donald Trump enabled Russian diesel sales to international and U.S. markets.

Ukrainian President Volodymyr Zelenskyy criticized partners for waiving sanctions against Russia while Russian bombardment damaged energy facilities across Ukraine.

U.S. President Donald Trump defended easing Russian sanctions as part of his negotiation process to end the war and secure hostage releases.

U.S. President Donald Trump announced on October 16, 2026, a waiver on new sanctions against Russia and an agreement to purchase Russian diesel fuel.

The administration of U.S. President Donald Trump has intensified pressure on Cuba through an oil blockade intended to force changes to Cuba's political system.

Bank of Canada surveys released on October 19, 2026, showed rising inflation expectations driven by trade tensions, input costs, tariffs, and Middle East conflict pressures on energy.

Approximately half of Canadian firms surveyed by the Bank of Canada plan to pass on cost increases from the Iran war and trade tariffs to customers over the next 12 months.

A Bank of Canada survey of approximately 340 business leaders in September 2026 found that Canadian business sentiment deteriorated after trade talks with the U.S. broke down on August 21, 2026.

Elevated U.S. tariffs pushed Chinese exporters to direct more goods toward Southeast Asia, Latin America, and Europe in 2026.

U.S. President Donald Trump signed an executive order waiving key sanctions and tariffs on Russian goods and energy purchases scheduled under the Graham Act.

U.S. President Donald Trump stated that waiving sanctions on Russia was in the U.S. national interest and intended to keep Russian President Vladimir Putin engaged in peace talks.

Countries should impose carbon tariffs on imports from countries with weaker emissions rules