Trump waives tariffs on largest buyers of Russian oil, days before Lindsey Graham-backed law was set to take effect

TL;DR

President Trump has waived new sanctions and hefty tariffs on the world's five largest importers of Russian crude oil and natural gas.
The waived sanctions were part of the Lindsey O. Graham Sanctioning Russia Act, signed late last month.
The waivers were invoked through an executive order, citing the national interest in reducing energy prices.
Trump also waived 500% tariffs on Russian goods and halted other sanctions.
The law primarily targeted major buyers of Russian energy like China, India, and Turkey.
This action reverses U.S. policy of imposing tight restrictions on Russian energy to finance its invasion of Ukraine.
The waivers come after previous easing of sanctions on Russian diesel and a deal to import it to the U.S.
Lawmakers have criticized the decision, calling the diesel waivers a "betrayal of the people of Ukraine."

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