Graham Act

Washington DC (Rajeev Sharma): India has avoided the immediate threat of additional US tariffs linked to its purchases of Russian oil after President Donald Trump waived several provisions of a new sanctions law targeting Moscow and countries trading in Russian energy. The executive order, issued on October 16, invokes the national-interest provision of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. The legislation gave the US administration powers to impose tariffs of up to 100% on goods from major purchasers of Russian-origin crude oil and natural gas, subject to the law's conditions. Trump said he had submitted…