**Trump Team Plans Sanctions to End Russia–Ukraine War**
Advisers to US President-elect Donald Trump are working on a plan to impose sanctions on Russia’s oil industry. This move is aimed at helping to resolve the conflict between Russia and Ukraine.
Russia’s fossil fuel industry has been funding its war against Ukraine. The Trump team is considering two options for sanctions. One option would focus on making good-faith gestures to Russian oil producers in exchange for a peace deal. The other option would involve increasing pressure on Moscow by expanding sanctions.
The Trump team is also looking at how to put pressure on Iran and Venezuela through sanctions. However, the plan is still in its early stages and depends on what Trump decides to do.
**Recent Sanctions Have Already Had an Impact**
Recently, the Biden administration and the UK imposed their most extensive sanctions yet on Russia’s oil sector. These measures have already affected the global oil market, causing prices to rise by almost $5 per barrel.
The G7 nations are also considering tightening the existing price cap on Russian oil. Ukraine has been disrupting Russia’s oil production through targeted drone strikes on key infrastructure.
**Impact of Sanctions**
Refineries in Tuapse, Ilyich, and Novoshakhtinsk have reportedly reduced or suspended operations due to a combination of sanctions and Ukrainian attacks. This shows that previous sanctions have already had an impact on Russia’s oil industry.