Fact Check: The Trump administration imposes stricter restrictions on Russia’s oil, gas, and banking sectors.

Published March 14, 2025•Updated June 18, 2025

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VERDICT

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# Fact Check: "The Trump administration imposes stricter restrictions on Russia’s oil, gas, and banking sectors." ## What We Know The Trump administr...

Fact Check: "The Trump administration imposes stricter restrictions on Russia’s oil, gas, and banking sectors."

What We Know

The Trump administration indeed implemented stricter restrictions on Russia's oil, gas, and banking sectors. This was primarily achieved by revoking a waiver that had allowed certain energy transactions involving sanctioned Russian banks to continue. According to CBS News, the U.S. Treasury Department allowed this 60-day exemption, which was initially put in place by the Biden administration, to lapse on March 13, 2025. As a result, major Russian banks such as Sberbank, Alfa-Bank, and the Central Bank of Russia lost access to U.S. payment systems for large energy transactions (CBS News, Ukrainian World Congress).

The decision to tighten these sanctions is expected to complicate the purchase of Russian oil by other countries, potentially leading to an increase in oil prices by up to $5 per barrel (Reuters, Ainvest).

Analysis

The evidence supporting the claim is robust, as multiple credible sources confirm that the Trump administration took significant steps to impose stricter sanctions on Russia's energy and banking sectors. The revocation of the waiver that allowed certain transactions indicates a clear policy shift aimed at increasing pressure on Russia amid ongoing geopolitical tensions, particularly related to the war in Ukraine.

The sources cited, including CBS News and Reuters, are reputable news organizations known for their journalistic standards. They provide detailed accounts of the sanctions and their implications, which adds to their reliability. Furthermore, the information aligns across various reports, reinforcing the validity of the claim.

However, it is essential to note that while the Trump administration's actions were framed as a response to Russia's behavior, they also coincided with diplomatic efforts to negotiate a ceasefire in Ukraine. This dual approach—imposing sanctions while seeking dialogue—could suggest a complex strategy rather than a straightforward punitive measure (Ukrainian World Congress).

Conclusion

The claim that "The Trump administration imposes stricter restrictions on Russia’s oil, gas, and banking sectors" is True. The evidence from multiple credible sources confirms that the administration took definitive steps to tighten sanctions, thereby restricting Russian access to U.S. financial systems and complicating international transactions involving Russian energy resources.

Sources

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