Putin called Trump's decision on the lifting of sanctions a historic moment.

Donald Trump suspended a comprehensive package of sanctions targeting the Russian economy on Friday evening, according to the HVG. Krill Dmitriev, the Russian special envoy responsible for investment and economic cooperation, welcomed the presidential decree as a historic moment on Saturday. "The punitive measures would have had a severe impact on the American economy and the global market," Dmitriev stated in his post on social media. Reuters reports that the special envoy elaborated that the new package of sanctions, named after the late Senator Lindsey Graham, had been changed in an "essentially and deeply negative way," and could have completely halted Russian-American economic cooperation in its new form. Trump is increasing attacks against the rule of law, and dollar diplomacy enforced by the cynical Russian oil issue does not work. Many of his allies also desire Trump's downfall, but it is better if the world prepares for further upheavals. He expresses concern about the possibility of a right-wing leader coming to power from far-right leadership. It is concluded that the economic cooperation between the United States and Russia is the interest of both countries, contributes to global economic stability, and to the achievement of "trust and lasting peace." He finally stated that dialogue, mutually beneficial cooperation, and shared responsibility for global stability are needed instead of sanctions and confrontation. Dmitriev said at the Russian Energy Week on Friday that further joint projects are being prepared after the oil agreement, and that they will soon announce new initiatives. He specifically mentioned Russian-American data center projects, including small modular nuclear reactors, as well as other energy and raw material cooperation. Following the President's decision, Russia can export oil to the United States without a 100% penalty, where fuel prices have risen to historic highs due to the supply crisis caused by the US-Russia war. Trump's goal is to bring down prices at gas stations before the midterm elections on November 3rd. The President's support is at a historic low, currently at only 29 percent. India and China have also previously criticized the law package. Both countries are among Russia's largest buyers of oil. Photo credit: Drew ANGERER / AFP