US imposes wide-ranging sanctions on Russian oil sector

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The Biden administration imposed sweeping sanctions on Russia’s energy sector on Friday, putting a final target on Moscow’s oil revenues, just days before Donald Trump takes office.

The measures include sanctions against Russian oil producers Gazprom Neft and Surgutneftegaz, and the blacklisting of 183 vessels involved in Russian energy exports. Dozens of traders in Russia have also been targeted, according to a notice issued by the US Treasury deployed oilfield service providers and energy officials.

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