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International Business Times
International Business Times
Business

US, UK Unveil Widespread Sanctions Against Russia's Energy Sector

United States Russia Oil Gazprom Neft Joe Biden United Kingdom The United States Vladimir Putin Ukraine Britain
Russia's Gazprom Neft was one of the companies targeted by the US Treasury Department's sanctions (Credit: AFP)

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.

The US Treasury Department said it was designating more than 180 ships and Russian oil majors Gazprom Neft and Surgutneftegas, fulfilling "the G7 commitment to reduce Russian revenues from energy".

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