Russian President Vladimir Putin’s special envoy Kirill Dmitriev has described the US decision to suspend planned sanctions and tariffs targeting Russia’s energy sector as a historic moment, arguing that the move could help avert significant damage to the US economy and global markets.US President Donald Trump signed an executive order on Friday suspending the planned measures aimed at Russia’s energy revenues. The restrictions were scheduled to take effect two days later.In a social media post, Dmitriev said the Trump administration’s decision to suspend the proposed Graham Act was an important and genuinely historic moment. He claimed that implementing the legislation would have severely harmed the US economy and global markets.The suspension comes amid renewed debate over Washington’s policy towards Moscow, following tensions between Trump and Ukrainian President Volodymyr Zelensky.Neither Putin nor the Kremlin has yet commented on the decision. On Friday, Putin, dressed in military attire, said Moscow was planning to seize the remaining parts of eastern Ukraine.The proposed legislation, named after the late US Senator Lindsey Graham, sought to impose sanctions on Russia’s energy and defence sectors, as well as on Putin and other senior Russian officials.Western countries have imposed successive sanctions on Moscow since Russia launched its military offensive in Ukraine in 2022. The prolonged conflict has killed hundreds of thousands of people and displaced millions.