Reported about 17 hours ago
In the final days of his presidency, Joe Biden is tightening sanctions against Russia to limit its oil sales on the global market, addressing some concerns raised by critics earlier. These measures target Russia's clandestine oil transportation and producers, aimed at cutting off essential revenue for its ongoing war efforts. While incoming President Donald Trump plans to negotiate with Putin, the effectiveness of the new sanctions may create leverage for him if maintained. However, analysts warn that increasing sanctions could inadvertently raise global oil prices, complicating the intended impact.
Source: YAHOO