Russia, Trump and sanctions
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President Donald Trump’s sanctions crackdown on Russia risks undermining one of the bright spots in the Trump economy: tame gas prices.
Gasoline prices have fallen to just over $3 per gallon. That’s good news for consumers and the Trump administration after President Trump promised to bring down prices, but it could
Ukraine has stepped up its attacks on Russian energy facilities to try to disrupt petrol supplies and deprive Moscow of funding.
European leaders signed off on the new measures just hours after President Trump imposed sanctions on Russia’s two biggest oil companies.
Ukrainian drone strikes crippled a major Russian gas-processing plant in Orenburg on October 19, causing massive fires. It's the largest facility of its kind in the world and had to suspend gas intake from Kazakhstan.
A Ukrainian drone attack on Russia's Orenburg gas plant has forced neighbouring Kazakhstan to reduce production at its Karachaganak oil and gas condensate field by 25% to 30%, two industry sources told Reuters on Monday.
The EU's commitment to ending all Russian natural gas imports has put Greek energy companies on a direct course to securing new supply lines.