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. - Strong economy influenced timing - Friday's announcement comes just 10 days before US President Biden is due to step down,

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 United States is taking sweeping action against Russia's key source of revenue for funding its brutal and illegal war against Ukraine," Treasury Secretary Janet Yellen said.

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 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,

In its final days, the Biden administration is again cracking down on Russia over its war with Ukraine, targeting the country’s production and exports of oil. The U.S. Treasury Department unveiled new sweeping sanctions on Russia’s energy sector Friday in an effort to reduce Moscow’s revenue from oil that has continued to be shipped by