US President Donald Trump and Russian President Vladimir Putin shake hands during a press conference at Joint Base Elmendorf-Richardson in Anchorage, Alaska Russian President Vladimir Putin's special envoy hailed United States President Donald Trump's decision to wave sanctions and tariffs just days before they were to take effect under a law he signed last month. Kirill Dmitriev, special envoy of the President of Russia for investment and economic cooperation, described Trump's step as a "truly historic moment". "The US-Russia economic dialogue and peacemaking efforts will continue... The enemies of global security, cooperation and prosperity will not be happy," Dmitriev wrote on X. In a statement, he said, "The suspension of some of the provisions of the Graham Act marks an important and truly historic moment. The legislation, which underwent fundamental and deeply negative changes following Senator Graham’s death, could have effectively brought all economic cooperation between Russia and the United States to a complete halt, inflicting serious damage primarily on the U.S. economy and global markets." "Economic cooperation between Russia and the United States serves the interests of both nations, contributes to global economic stability, and lays the foundation for building trust and achieving lasting peace. Instead of sanctions and confrontation, we need dialogue, mutually beneficial cooperation, and shared responsibility for global stability," he added. Earlier on Friday, Trump said that the sanctions waiver was in the national interests of the United States. "I have submitted to Congress a certification that the issuance of such a waiver at this time is in the national interests of the United States," Trump said in the order. The order said the waiver will remain in effect until President Donald Trump or his top officials determine that "further action is appropriate." The decision comes days after Trump sealed a deal with Putin. He has been warming toward Moscow while publicly criticising Ukrainian President Volodymyr Zelenskyy, including suggesting Kyiv needs a new leader. Apoorva Shukla is a journalist at Times Now, where she thrives on dissecting political developments both at home and abroad. A graduate of Delhi Univ... View More