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Oil at 4-Month High Amid New Sanctions on Russia

Russia faces higher costs on sea-borne oil exports due to new US sanctions

Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.

UPI News on MSN · 2d

Sweeping new U.S. sanctions target Russia's oil production and exports

The U.S. Departments of Treasury and State Friday applied new sanctions on Russia's oil production and exports. Sanctioned were oil companies, 183 ships, dozens of oil traders, insurance companies and energy officials.

U.S. News & World Report · 1d

Tougher U.S. Sanctions to Curb Russian Oil Supply to China and India

The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine.

Russia, Sanctions

The New York Times · 2d

U.S. Imposes New Sanctions to Squeeze Russia’s Energy Sector

The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.

Newsweek on MSN · 2d

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.

Reuters on MSN · 4h

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,

18h

Sullivan claims Biden admin leaves Russia, China and Iran 'weaker,' America 'safer' before Trump handoff

Biden National Security Advisor Jake Sullivan claimed that the United States is in a "stronger, more secure position" than ...

Al Jazeera on MSN2h

Russia ‘prepared for any scenario’ on Ukraine war as Trump presidency nears

The US president-elect has promised to end the conflict in Ukraine but the Kremlin has not endorsed any tentative plans.

2don MSN

The US is tightening its grip on one of the key pillars of Russia's economy

Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget ...

2don MSN

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 to add to inflation ...

3h

Battles Rage Inside Russia, With Waves of Tanks, Drones and North Koreans

Ukrainian soldiers are describing fierce clashes as Russian forces try to retake territory in the Kursk region that could be ...

2hon MSN

Russia says Ukraine targeted infrastructure of gas pipeline to Turkey

Russia accused Ukraine on Monday of launching a weekend drone attack on infrastructure of a major gas pipeline that carries ...

2don MSN

Biden administration sanctions Russia’s oil giants and tanker fleet

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

18h

'Sick of this hypocrisy': Russia comes to China's rescue, bashes US on forced labour use in fighting LA fires

The remarks come amid heightened tensions between Moscow and Washington, with Maria Zakharova’s comments pointing to the ...

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