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Also in today's newsletter: China's leadership vows push for ‘self-reliance' in tech and Trump pardons Binance founder
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After months of restraint, President Trump's move to blacklist Lukoil and Rosneft will hit Russia where it hurts.
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Trump says ‘Israel not going to do anything with the West Bank' as US fumes over annexation vote The Times of IsraelVance slams Israel's parliament vote on West Bank annexation, calling it an 'insult' NPRLive updates: Trump's White House East Wing demolition complete; Russian oil hit with U.S. sanctions NBC News
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Putin deplores US sanctions as ‘unfriendly' while EU joins in heaping restrictions on Russia AP NewsTrump's sanctions target Russian ‘war ATM,' but the real test is enforcement CNNOil supply glut paves way for Donald Trump to tighten screws on Russia Financial TimesThe U.S. and Europe Are Trying New Ways to Pressure Russia The New York Times
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US president's measures are intended to bring Putin to the table but also risk stoking oil prices
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Exclusive: China state oil majors suspend Russian oil buys due to sanctions, sources say ReutersPutin Calls U.S. Sanctions ‘Unfriendly Act' and Says Russia Won't Bend The New York TimesTrump's challenge: Hurting Putin without harming Americans at the gas pump CNNRussia furious as Trump sanctions energy giants Rosneft and Lukoil NBC News
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E.U. eyes a giant pot of frozen Russian money to help Ukraine in war The Washington PostUkraine urges EU to back loan using frozen Russian cash BBCUkraine updates: EU vows support, moves funding plan to Dec. DWCan Europe Agree on Turning Frozen Russian Assets Into Cash for Ukraine? The New York TimesEU vows financial backing for Kyiv, holds off on frozen assets plan Reuters
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