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.

The United States on Friday imposed sweeping sanctions on Russia's energy sector to try to limit funding for Moscow's war in Ukraine. The sanctions target two of Russia's largest oil companies, Gazprom Neft and Surgutneftegas,

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

The Biden administration has enacted a sweeping set of new sanctions on Russia’s oil industry, including restrictions on two major Russian oil producers and the alleged “shadow fleet” of vessels carrying Russian oil around the world, the US Treasury Department announced Friday.

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over its war in Ukraine

The measures include sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, and the blacklisting of 183 vessels involved in Russian energy exports. Dozens of traders, Russia-based oilfield service providers,

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.- Strong economy influenced timing - Friday's announcement comes just 10 days before US President Biden is due to step down,