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Despite larger oil prices, Russia continues to grapple with a strong ruble, which reduces the worth of dollar‑denominated vitality gross sales. Nonetheless, the administration’s willingness to revisit sanctions marks a notable shift after months of stress on Russian producers, together with penalties on Lukoil and Rosneft and diplomatic efforts to curb India’s purchases. Bessent has insisted the India waiver is slender and unlikely to ship a major windfall to Moscow. Analysts caution that the impact on Russia’s war‑strained budget will rely upon how long the Middle East disruption lasts.

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