The United States and United Kingdom unveiled what they say are the harshest sanctions targeted at Russia’s energy sector since Moscow’s troops began a nearly three-year-old war on Ukraine in early 2022.
The sanctions will cover two major Russian petroleum producers and exporters — Gazprom Neft and Surgutneftegas — both of which are involved in the export of liquified natural gas and efforts to expand the Russian energy sector into the Arctic. They are expected to cut off Moscow’s revenue stream to the tune of billions of dollars per month, putting new strain on Russian President Vladimir Putin’s war effort against Ukraine.
