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CNN on MSN · 2d

Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort

The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.

US to impose sanctions on Russian oil fleet and traders, document shows

The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.

Russia says it will continue oil and gas projects despite US sanctions

Russia's Foreign Ministry has denounced U.S. sanctions against Moscow's energy sector and said the country would carry on with large oil and gas projects.

2don MSN

New US Sanctions Take 'Sweeping Action' Against Russia's Energy Sector

The new sanctions target "Russia's key source of revenue" for funding its war against Ukraine, Treasury Secretary Yellen said ...

Lame Duck Biden Imposes New Russian Sanctions Now That Energy Prices, Ukraine War Escalation Won’t Hurt Dems

The Biden administration announced major sanctions against the Russian energy sector on Friday, escalating tensions with ...

12h

Hungary plans talks with allies to combat higher oil prices after new US sanctions on Russia

Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US ...

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