US and UK tighten sanctions on Russian oil industry
The United States (USD) and the United Kingdom (UK) administration imposed tougher sanctions against Russia's oil industry, targeting nearly 200 vessels of the so-called "shadow fleet," major oil companies, and associated entities, the Office of Foreign Assets Control (OFAC) said on Friday.
The measures also target two of Russia's major oil producers, Gazprom Neft and Surgutneftegaz, along with dozens of their subsidiaries, per the BBC.
US Treasury Secretary Janet Yellen "The United States is taking sweeping action against Russia's key source of revenue for funding its brutal and illegal war against Ukraine.(Cay)
source: Trading Economi