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Trump Pauses New Russia Sanctions Citing National Interest
Trump is trying to cool energy prices before the election, even if that means backing away from tougher Russia sanctions.
Why it matters:
The move suggests Trump is putting energy prices and inflation ahead of increasing economic pressure on Moscow. Trump has been frustrated by high fuel prices and has also criticized Ukraine for strikes on Russian refineries. Lower energy prices could help inflation and markets ahead of the November midterms, but easing pressure on Russia could weaken Ukraine’s position. Reuters
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