donald trump is going to take oath as President in America on january 20. Before this, Joe Biden's government has finally banned the import of gas and oil from Russia. This will have a huge impact on Russia's economy. It is being told that this is the toughest ban imposed by America on russia so far. Regarding this, the Biden administration said that this is an effort to take the peace agreement between the incoming trump government and ukraine one step further.
America's attack on Russia's economy
The Biden administration says that America is against Russia's attack on Ukraine. Through this ban, America wants to reduce Russia's revenue in the oil industry. russia started the war on ukraine in february 2022, in which thousands of people have died. A large number of people were injured. Cities have turned into rubble.
Will this ban affect India?
A senior official of the current Biden government told reporters that this ban will have the biggest impact on Russia's energy sector, which is the biggest source of revenue for the ongoing war in the Kremlin. Along with this, the US Treasury has imposed sanctions on Russian companies Gazprom Neft and Surgutneftegas, which explore, produce and sell oil. Apart from this, sanctions have also been imposed on 183 Russian ships, which export oil from Russia. These also include many shadow fleet tankers, which trade petrol. Many of these tankers were also used to send oil to india and China. A Biden administration official says that this ban will cause russia to lose billions of dollars every month. Now it remains to be seen how much this ban imposed on russia affects india, which imports crude oil from Russia.
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