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Energy and Gas Markets

Trump considers decision on tariff exemptions for Russian oil and gas

Trump considers decision on tariff exemptions for Russian oil and gas
Energy and Gas Markets · 02:58:11 - Monday, 19 October 2026

Written by: Ahmed Abdel Salam

The global energy sector is awaiting U.S. President Donald Trump's decision regarding the continuation of tariff exemptions imposed on oil and gas purchases from Russia, as estimates indicate that this exemption is not permanent.

Period for studying economic impacts

It is expected that Trump will take a period of up to 60 days to evaluate the economic impacts resulting from this decision, before taking the final step regarding the continuity of these trade facilities in light of the imposed sanctions and tariffs.

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