The Biden administration has imposed some of its toughest sanctions yet on Russia, in a move designed to hit Moscow's energy revenue that is fuelling its war in Ukraine.
The measures target more than 200 entities and individuals ranging from traders and officials to insurance companies, as well as hundreds of oil tankers.
In a first since Moscow's all-out invasion of Ukraine, the UK will join the US in directly sanctioning energy companies Gazprom Neft and Surgutneftegas.
"Taking on Russian oil companies will drain Russia's war chest – and every ruble we take from Putin's hands helps save Ukrainian lives," said Foreign Secretary David Lammy.
GR
FR
DE
ES
IT
RU
EU
The Biden administration has announced major new sanctions targeting two Russian oil companies, and vessels involved in the shipment of Russian energy resources abroad. Sputnik reached out to a veteran independent financial and energy market analyst to find out who the sanctions are designed to hurt, and who they'll actually impact.
ReplyDeleteThe US's latest anti-Russia sanctions package targets "Gazprom Neft and Surgutneftegas, more than 180 vessels, and dozens of oil traders, oil service providers, insurance companies, and energy officials" as part of "sweeping action to fulfill the G7 commitment to reduce Russian revenues from energy," the Treasury said in a statement Friday.
Biden deputy national security advisor Daleep Singh said the restrictions are "the most significant sanctions yet on Russia's energy sector," and designed "to provide Ukraine the leverage it needs to negotiate a just and lasting end to the war" by leaving the next administration "a solid foundation" it can "build" upon.