New US Sanctions on Russian Oil Companies
Update: 2025-11-21
Description
New US sanctions on Rosneft and Lukoil threaten Russias foreign currency market, potentially causing a ten to twenty percent drop in sales. Despite previous sanctions, the rubles stability was maintained by central bank interventions and import substitution. However, analysts predict a gradual weakening of the ruble post-sanctions due to reduced foreign exchange sales and anticipated decrease in central banks foreign exchange sales.
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