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US Treasury Says Sanctions on Russian Oil Firms Cutting Revenue

Sanctions targeting two major Russian oil companies have begun to reduce the country's earnings, according to the US Treasury.

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Terms & Concepts
  • US Treasury: The executive department responsible for managing government revenue and economic policy in the United States.
  • Sanctions: Economic or political penalties imposed by one country on another to influence behavior or policies.
  • Revenue: The total income generated by a nation or organization from its activities or resources.