With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also stopping the price of oil and gasoline from soaring to levels that could crush the global economy. The Kremlin’s main pillar of financial revenue – oil – has kept the Russian economy afloat despite export bans, sanctions and the freezing of central bank assets. Is this going to raise the price of oil barrel further ?

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