Trump takes aim at Russia's energy sector with sanctions bill - BBC
Trump takes aim at Russia's energy sector with sanctions bill - BBC
Source: BBC
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DW NOTE
Trump is imposing sanctions on a sector already shedding revenue. Russia's Urals crude trades at a widening discount to Brent, and Moscow has been diverting volume to China and India at whatever price clears. Sanctions announced into a supply crisis — WTI at $96, the Strait of Hormuz effectively closed since February — are either cynical theatre or a bet that someone else absorbs the shortfall.