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The Independent UK
The Independent UK
National
Teresa Cerojano

Asian shares retreat and crude prices soar $2 after Trump sanctions Russian oil giants

Shares were mostly lower in Asia on Thursday following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants.

The sanctions against Rosneft and Lukoil are intended to drive Russian President Vladimir Putin to the negotiating table and help end Moscow’s brutal war on Ukraine.

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