Power of sanctions against Russia lies in US financial system that greases the wheels
US sanctions against Russia's two largest energy companies, the state-owned Rosneft and privately held Lukoil, are perhaps the most significant economic measures imposed by the West since the invasion of Ukraine.
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The UK government has watered-down sanctions on Russia, allowing diesel and jet fuel from Russian crude oil to enter the UK if it is refined in other countries.
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The benchmark UK borrowing cost has hit a fresh financial crash-era high as Prime Minister Sir Keir Starmer faces a potential leadership challenge from Manchester mayor Andy Burnham.
Mo...15-05-2026, 07:29 PM