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ARTICLE · 10 NOVEMBER 2026

Trump Administration Waives New Russia Sanctions And Tariffs Under Graham Act

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

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President Trump issued an executive order implementing the Graham Act, which establishes substantial new tariffs on Russian goods and countries purchasing Russian energy, but simultaneously waives their application. The order creates a monitoring framework that leaves open the possibility of future enforcement while maintaining existing Russia sanctions regimes.

GlobalInternational Law
Jonathan Cross
Jonathan Cross
Yash Dattani
Yash Dattani
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Overview

On October 16, 2026, President Donald Trump issued an executive order regarding the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (Graham Act). The Graham Act, which was signed into law on September 18, 2026, provides for a range of sanctions, restrictions and duties relating to Russia. We previously posteda summary on the signing of the Graham Act in September.

The executive order provides for substantial new tariffs, including a 500% ad valorem increase in duties on goods from Russia and 100% ad valorem increases in duties on goods from certain countries that purchase Russian-origin oil or natural gas or facilitate Russian oil sanctions evasion. However, the executive order simultaneously waives the application of those duties and a broad range of the Graham Act’s sanctions and restrictions, as discussed in this post.

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