Financial Times report cites officials from five intelligence agencies as concerns grow over Moscow's expanding hybrid warfare campaign linked to...
Read More
International-News
US sanctions on Russian oil and gas: Moscow in Washington’s crosshairs
The measures aim to weaken the Russian economy and limit funding for the war in Ukraine
The outgoing US administration has introduced a series of new sanctions against the Russian energy sector with the aim of undermining the Kremlin’s sources of funding, which uses oil and gas revenues to support the war effort in Ukraine. The measures affect major Russian energy companies such as Gazprom and Surgutneftegas, along with nearly 200 oil and gas tankers, which are part of Moscow’s so-called ‘ghost fleet’, operating under the flags of countries such as Barbados and Panama.
In a press release, US Treasury Secretary Janet Yellen emphasised that these measures are decisive in reducing Russia’s revenue, particularly from energy exports, and inflicting ‘serious damage’ on Russian finances. The sanctions include a ban on US companies providing assistance to companies in the sector, including support for oil and gas extraction and production. The ban will come into effect on 27 January and is in addition to sanctions already imposed, including the Russian oil price cap, introduced in December 2022.
The sanctions were imposed in cooperation with the UK and could cost Russia billions of dollars per month. Gazprom Neft, a subsidiary of the state giant Gazprom, called these measures ‘unjustified’ and ‘illegitimate’, while Serbian President Aleksandar Vucic announced talks with Russian President Vladimir Putin to discuss the sanctions, which also affect a Serbian energy company.
This escalation of economic measures by Washington demonstrates the US determination to intensify pressure on Moscow at a time when the war in Ukraine continues to raise economic and geopolitical costs for Russia.
THE LATEST NEWS
White House TV Pool Boycott Triggers DOJ Antitrust Investigation
11 October 2026
Five of America's biggest television networks now face federal scrutiny after collectively refusing to cover President Donald Trump ahead of...
Read More
Putin’s Return Flight Disrupted by Drone Attack That Closed Moscow Airports
10 October 2026
Flight-tracking data showed Russian government aircraft circling over the capital and diverting to St. Petersburg as airport operations were suspended...
Read More
Christa Pike Returns to Prison After Surviving Execution Attempt
10 October 2026
Christa Pike returns to prison after surviving a lethal injection attempt, leaving Tennessee officials facing unprecedented uncertainty over whether her...
Read More
Erie Shooting Leaves Eight Dead, Including Two Children, in Pennsylvania
10 October 2026
Authorities in northwestern Pennsylvania are investigating a mass killing that left eight people dead, including two children, after a gunman...
Read More
Hurricane Isaias Strengthens as Gulf Coast Braces for Landfall
9 October 2026
Evacuation orders are in effect in parts of the Southeast, with storm surge, torrential rain and possible tornadoes threatening coastal...
Read More
(Photo: © AndKronos)
