The executive order signed by President Trump suspending important sanctions and tariffs on Russia's exports is being announced just days before the law takes effect. This decision could complicate his efforts to lower diesel prices ahead of midterm elections on November 3.

The order was issued shortly after the president signed a law he had promulgated last month, which was designed to punish Russia following the senator Republican Lindsey Graham's invasion of Ukraine. The order codified and expanded the sanctions against Moscow: however, the derogations were justified by national interest, exempted Russian goods from customs duties, and suspended sanctions against individuals and entities, although the existing sanctions remained in effect. The United States would monitor Russian oil purchases and attempts to evade sanctions, retaining the authority to revoke the derogations if necessary. In the executive order titled 'Implementation of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026', Trump has doubled down: not only has he suspended the sanctions, but he has also issued an executive order that replaces the original derogation clause. This decision by Trump has been interpreted as a gesture of peace with Russia, given that the export of Russian oil is one of the main factors of growth for Russia. Additionally, the American president stated that this decision was due to the need to protect his allies Europe, who had been involved in corruption accusations during the presidential campaign. This decision could have significant effects on America's economic and financial policy. Russia has become a major oil exporter, and its economic dependencies on the United States have significantly increased. The suspension of tariffs and sanctions could lead to an increase in carbon emissions, as Russia is a major producer of liquefied natural gas (LNG), which requires a lot of oil to be transformed into diesel. However, this executive order has not been well-received by most Democratic representatives, who consider it a step towards a trade war with Russia. Some have criticized Trump's decision for not considering the possibility of negotiating with Russia through bilateral or diplomatic agreements.

In conclusion, while Trump's decision seems to be seen as a gesture of peace with Russia, it could have negative effects on America's economic and financial policy, especially in the field of oil and energy production.