The fallout from Trump's Russia energy moves
President Trump's moves to avoid new penalties on Russian energy sent shockwaves through Washington, sparking diplomatic tensions and political turmoil.
Why it matters: Trump's push to lower energy prices ahead of the midterms could provide Russia an economic lifeline and is exposing divisions within his own party.
Oil, gas and petroleum product exports help finance Russia's war on Ukraine.
Catch up quick: Late Friday, Trump waived new sanctions against Russia and tariffs on top buyers of Russian energy that would have taken effect under the bipartisan Graham Act he signed last month.
That came just days after the administration waived certain sanctions as part of a deal aimed at enabling higher exports of Russian diesel after high prices have become a political millstone for Republicans.
Here's what's on our radar: A new rationale.
Energy Secretary Chris Wright, in CNN and ABC appearances yesterday, called the diesel deal a "carrot" to get Russia to ease its assault on Ukraine.
It's an "incentive to Russia, that if they can reduce the conflict with Ukraine, they can get an energy ceasefire or reduce the conflict such that they have diesel to export, we'll allow it to flow to world markets," Wright told ABC's "This Week." Ukrainian drone strikes have lowered Russia's refining capacity.
Trump, in a Truth Social post yesterday, also cast his recent decisions as a way to get a peace deal with Russia.
A new clock.
Secretary of State Marco Rubio told reporters Saturday that Trump wants to take 60 days to review implementing the Graham Act in order to gauge its impact on the global and U.S. economies.
A deteriorating relationship.
Ukrainian President Volodymyr Zelensky has sharply and publicly criticized both the diesel deal and Trump's decision to waive, for now, the Graham Act penalties.
Trump's post, meanwhile, bashed Zelensky for hitting Russian refineries, "knowing that these attacks are seriously hurting the world diesel markets, including those in the United States." Republican rifts.
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