00:00The U.S. is tightening the screws on Russia, squarely at the heart of Russia's energy machine.
00:05It's part of a coordinated Western push to choke Moscow's war chest.
00:08And it comes as the European Union ratchets up pressure, too.
00:13Oil prices jumped after Washington announced new sanctions on Russia's biggest producers.
00:18A dramatic shift for President Donald Trump, who just last week was talking about meeting Vladimir Putin face-to-face.
00:25Until now, U.S. strategy has focused on the G7 oil price cap.
00:30A way to drain the Kremlin's profits without shaking global markets.
00:34This new round is much tougher.
00:36It's about disruption, not moderation.
00:39Meanwhile, the EU's package goes deep, targeting energy infrastructure and 45 entities accused of helping Russia dodge past sanctions.
00:47That includes a dozen companies in China and Hong Kong.
00:50Beijing was quick to lash out, calling the move illegal and unilateral.
00:54It's not just barrels and pipelines.
00:56The EU package also hit Russia's crypto network, banning digital asset services for Russian citizens and firms.
01:04Together, it's the harshest financial strike yet.
01:07One that cuts across energy, finance, and tech.
01:10For Moscow, it means fewer loopholes.
01:13For India, a big buyer of Russian oil, likely less cheap crude purchases.
01:17For global markets, more volatility.
01:20And for Trump, it's a test of whether turning up the heat can bring Putin to the table,
01:25or whether it's just another round of geopolitical fireworks.
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