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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.

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.

MarketWatch on MSN · 2h

Brent crude jumps above $80 a barrel as investors weigh U.S. sanctions on Russian oil

Oil futures were up strongly Monday, with Brent crude on track for its first finish above $80 a barrel since August, as investors assess the potential hit to supply from a further tightening of U.S. sanctions on Russia’s oil sector.

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 · 1h

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,

22h

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 MSN5h

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 ...

3don 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 ...

AFP on MSN2h

Russia accuses Ukraine of 'energy terrorism' over alleged TurkStream pipeline strike

Moscow accused Kyiv Monday of carrying out a campaign of "energy terrorism" after what the Kremlin described as a failed ...

3don 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 ...

1h

China saw record trade with Russia in 2024: customs data

China-Russia trade hits record high at $244.8 billion in 2024, amid deepening political ties and Western sanctions.

22h

'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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