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US Federal Reserve raises interest rates by three-quarters of a percentage point, roiling markets. Gazprom cuts gas flows to Europe by 40 percent, driving energy prices higher. The US pledges another $1 billion in weapons to Ukraine. Analysis: Ukraine War: Are Sanctions on Russia Working?

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Analysis: Ukraine War: Are Sanctions on Russia Working?

“The US talking points for sanctions on Russia call for patience. As time goes on, the impact of the sanctions will increase and force Russian President Putin to make harder and harder decisions as the costs mount. But is there a way to bring forward that decision point?”

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