Trump waives sanctions as Russia pressure law takes effect

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The executive order raises tariffs on Russian goods by 500% and threatens an additional 100% duty on major buyers of Russian oil and gas, but exempts several measures for now. European Union leaders have criticized the temporary lifting of sanctions on Russian diesel while reaffirming support for Ukraine. The decision comes amid continued disruption around energy markets and shipping routes, including Strait of Hormuz transits reportedly remaining far below pre-conflict levels.

Sources: BBC News, Anadolu Agency, Financial Times