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Trump Eyes Cuts to Russian Oil Sanctions
A war in Iran has caused oil prices to soar. High oil prices help Russia's economy.
Russia depends on selling energy to other countries. Some say Russia is the only winner from the Middle East war.
Trump is considering reducing oil sanctions on Russia. This aims to boost world oil supplies. EU Council President Antonio Costa agrees Russia benefits most.
Klear Note — Sanctions are rules that limit trade with a country. The US placed sanctions on Russia to punish its actions. High oil prices help Russia earn more money from selling energy.
Key Terms 3
- sanctions
- rules that stop countries from trading with each other
- EU Council President
- leader who runs meetings of European Union country leaders
- energy exports
- oil and gas a country sells to other countries