Senators urge Trump not to extend Russian oil sanctions waiver

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Published: 57 minutes ago

Senators Jeanne Shaheen and Elizabeth Warren called on the Trump administration to let the Russian oil sanctions waiver expire Saturday night without renewal. The waiver currently allows purchases of Russian oil despite existing sanctions. This could impact oil-sensitive currencies if the waiver expires, particularly affecting the Russian ruble and energy-dependent economies. Traders should monitor for potential oil price volatility and related currency movements.

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