Restrictions on Moscow’s partners could raise oil prices, inflation, and costs for US consumers, analysts have told the network
Potential new US sanctions on Russia over the Ukraine conflict could backfire, hitting American consumers and businesses with higher costs, inflation, and energy prices, CNN reported on Tuesday, citing analysts.
US President Donald Trump has threatened to impose sanctions on Russia that could include 100% tariffs and secondary sanctions targeting the country’s trade partners, particularly in the oil sector, unless it makes progress towards a peace deal with Ukraine.
To discuss a potential settlement, Trump’s special…
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