Russia’s Kremlin on the US not renewing sanctions waiver for Russian oil, says, we have learned how to reduce the impact of sanctions we continue to do so

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Russia’s Kremlin on the US not renewing sanctions waiver for Russian oil, says, we have learned how to reduce the impact of sanctions we continue to do so

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Context

The Kremlin's comments on the U.S. not renewing sanctions waivers for Russian oil indicate a continued escalation of tensions and suggest that Russia believes it has developed strategies to mitigate the impact of sanctions. This may lead to further market volatility in oil and associated commodities, impacting currencies such as the USD and EUR, as investors reassess the geopolitical risks in the energy sector.

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