US and UK will target Russia’s energy sector with new sanctions as Biden prepares to leave office - Biden administration officials say the sanctions are being imposed now because they are not likely t

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

The Biden administration has imposed extensive sanctions on Russia’s oil and gas sector to weaken its revenues amid the ongoing war in Ukraine. This includes targeting major companies and vessels involved in Russian oil production and trade.

The Biden administration has enacted a sweeping set of new sanctions on Russia’s oil industry, including restrictions on two major Russian oil producers and the alleged “shadow fleet” of vessels carrying Russian oil around the world, the US Treasury Department announced Friday.

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over its war in Ukraine

The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine.

The measures include sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, and the blacklisting of 183 vessels involved in Russian energy exports. Dozens of traders, Russia-based oilfield service providers,

The Biden administration announced Friday it was imposing what it billed as the most significant sanctions to date on the Russian energy sector, targeting Moscow’s oil and liquified natural gas (LNG) exports just weeks before leaving office.