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what is causing the decline of laurus labs limited (lauruslabs) ✌️【Flexible Income】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding forMoscow’s war against Ukraine.

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US senior administration officials said they want to leave Kyiv – and the incoming Trump administration – with the strongest possible hand for potential negotiations. Those officials expressed hope that the next administration would maintain and enforce the sanctions, despite previous skepticism from some Trump officials about the effectiveness of such measures.

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what is causing the decline of laurus labs limited (lauruslabs) ✌️【Flexible Income】✌️ Expert guidance on stock market trends and real-time updates on stock indices, futures, and exchange rates. Make well-informed decisions and plan the best investment strategies for capital growth. The sanctions also target nearly 200 oil-carrying vessels, many of which are accused of being part of the so-called “shadow fleet” that works to evade sanctions, as well as oil traders and energy officials. They also go after Russia’s liquified natural gas (LNG) production and export.

“We expect our actions to cost Russia upwards of billions of dollars per month,” a senior administration official said.

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“These sanctions, in addition to the actions we’ve taken over the last several weeks, help put Ukraine in a position in which they have the ability to work with the incoming administration to try and find a just peace,” a second senior administration official said.

On Thursday, Trump reiterated his desire to end the war in Ukraine, saying that Putin “wants to meet, and we’re setting it up.”

“President Putin wants to meet — he’s said that even publicly — and we have to get that war over with. That’s a bloody mess,” he said.

what is causing the decline of laurus labs limited (lauruslabs) ✌️【Flexible Income】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. The first senior administration official acknowledged “it’s entirely up to” the Trump team “to determine whether, when and on what terms they might lift any sanctions we’ve put into place.”

what is causing the decline of laurus labs limited (lauruslabs) ✌️【Flexible Income】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. Moreover, the strength of the sanctions will depend largely on enforcement, with one official noting that “we have to match every circumvention with a countermeasure, and that will take political will.”

“Russia is going to make every effort to circumvent these sanctions. It’s inevitable,” the first official said.

“But circumvention is not costless. Russia has had a constant need to adapt and reorient its supply chains. That creates inefficiency. It creates uncertainty. It creates complexity. So our sanctions are like pounds of sand into the gears of Russia’s war machine,” they said.

Friday’s measures do not have secondary sanctions against specific countries, officials said. China and India have been top importers of Russian oil throughout the war in Ukraine.

Officials argued that they waited until the waning days of the administration to impose the sanctions in part because of the state of the global oil market and the potential impact on the US economy.

what is causing the decline of laurus labs limited (lauruslabs) ✌️【Flexible Income】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. Russia’s invasion of Ukraine in early 2022 sparked fears of major supply disruptions from one of the world’s leading producers. Oil prices spiked to as high as $130 a barrel in March 2022, contributing to the inflation crisis across the US economy and pushing gasoline prices to all-time highs.

“During much of this war, global supplies were tight and at risk of falling short of demand,” the first senior administration official explained, noting that would have likely increased revenues to Russia “while raising prices at the gas pump for families in the United States and across the world.”

what is causing the decline of laurus labs limited (lauruslabs) ✌️【Flexible Income】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. The United States is producing more oil than any nation in world history, forcing OPEC to dial back supply. Oil prices have been relatively subdued, in part because of record-shattering US production.

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US crude jumped 4% to nearly $77 a barrel. Brent crude, the world benchmark, advanced 3.7% to about $80 a barrel.

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