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18Jan 2025
Bessent’s Call for Stricter Russian Oil Sanctions
Why in the news? Scott Bessent, U.S. Treasury Secretary nominee, emphasized tightening sanctions on Russia’s oil sector to pressure Moscow over the Ukraine war. This move could significantly affect India’s oil imports and efforts to internationalize the rupee. Tighter Sanctions on Russian Oil: Scott Bessent, nominee for S. Treasury Secretary, supports stricter sanctions on Russia’s …
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