The sanctions could break a diplomatic deadlock by making it more difficult for India to continue buying from Russia, a point of contention between President Trump and Narendra Modi.
Category: Rosneft
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Oil Price Jumps on Trump’s Russia Sanctions
Traders are pondering whether the United States and its allies are finally getting serious about restricting Russian energy.
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Russians Awake to Trump’s New Oil Sanctions and Largely Shrug
While oil markets reacted strongly to the sanctions, analysts said the measures were unlikely to significantly change President Vladimir V. Putin’s war calculations.