Trump administration upping financial pressure on Russia
The Trump administration is upping financial pressure on Russia by letting a Biden-era short-term sanction waiver on Russian energy expire overnight. The decision comes as Trump administration officials are in Russia to try to secure a peace deal to end the war in Ukraine.

A Treasury Department spokesperson confirmed the administration let General License 8L expire at 12:01 a.m. on March 12.
"The Administration remains focused on ending the fighting and fostering negotiations to end the war," a Treasury Department spokesperson said in a statement to ABC News. "We continue to implement our sanctions, which remain one of the levers to facilitate these goals."
The license allowed some transactions with Russian banks for certain energy transactions.
-ABC News' Michelle Stoddart







