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Peter Mandelson has been appointed as the UK ambassador to the United States, set to take office early next year. His extensive political experience and trade expertise are seen as vital for navigating the challenges posed by President Donald Trump's administration, particularly regarding potential tariffs and trade relations.
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The Biden administration is contemplating new sanctions targeting Russian oil exports as it prepares to leave office. This shift comes amid concerns over President-elect Trump's approach to Russia and aims to increase pressure on Moscow before the transition. The potential measures could impact global oil prices and Russia's military funding.
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The Russian ruble has fallen to its lowest value against the dollar since March 2022, trading at 109 rubles per dollar. This decline follows new Western sanctions on Gazprombank and reflects ongoing economic pressures, including rising inflation and military spending amid the Ukraine conflict. The Central Bank has raised interest rates to 21% to combat inflation.