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Business - Economy - Politics - January 10, 2025

Biden levies new sanctions against Russian energy sector, but it’s up to Trump whether to keep them

Biden levies new sanctions against Russian energy sector, but it’s up to Trump whether to keep them

The Biden administration has expanded sanctions on Russia's oil and gas sectors to penalize entities engaged with Russia, costing its economy billions. The sanctions aim to hinder Russia's war effort in Ukraine. President-elect Trump, who has expressed a desire to end the conflict swiftly, has not yet commented on whether he will maintain these sanctions.

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