Biden levies new sanctions against Russian energy sector, but it's up to Trump whether to keep them
President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over its war in Ukraine.
The US keeps hitting Putin's war chest with energy sanctions. The impact goes beyond Russia.
China and India may seek oil from other regions, while Russia might offer discounts.
Reactions to new U.S. sanctions against Russian energy interests
The U.S. Treasury on Friday announced sweeping new sanctions against the Russian energy sector, including oil majors Gazprom Neft and Surgutneftegaz , to try to hinder Moscow in its war with Ukraine.
US Sanctions Will 'Destabilise' Energy Market: Kremlin
The Kremlin said Monday that the latest US sanctions on Russia's oil sector would "destabilise" the global energy market, after Washington imposed punitive measures on Russian company Gazprom Neft.
Rising oil prices clash with U.S. sanctions on Russian energy
Oil prices have risen to their highest level in over four months, Bloomberg reports. Another wave of U.S. sanctions against the Russian energy industry threatens to restrict supply in an already tightening global market.
Russia says new US energy sanctions will destabilise global markets
The Kremlin said on Monday that the latest round of U.S. sanctions on the Russian energy sector risked destabilising global markets, and Moscow would do everything possible to minimise their impact. "It is clear that the United States will continue to try to undermine the positions of our companies in non-competitive ways,
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Russian gas giant Gazprom prepares mass layoffs in senior positions, Russian media says
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On January 10, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued significant new sanctions targeting ...
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India will reject Russian oil tankers under US sanctions, Bloomberg reports
India intends to abandon oil tankers that have been sanctioned by the United States because of their role in transporting ...
Russia's Gas Giant Braces for Mass Layoffs Amid Plunging Profits
Gazprom provided about 7 percent of Russia's federal budget in 2021, the year before Putin's full-scale invasion. By 2023, it was estimated to provide about half of that as sanctions, reduced ...
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Indian Refiners Cease Trade with U.S-Sanctioned Russian Tankers
India’s refiners have stopped doing business with the Russian tankers and companies sanctioned by the U.S. on Friday, a ...
Latest US sanctions against Russia: Gazprom must exit Serbian oil company NIS within 45 days – Reuters
Russian oil company Gazprom Neft, a subsidiary of the energy giant Gazprom, has been given 45 days to divest from its ...