The Biden administration's recent sanctions on Russia's oil sector, which blacklisted almost 200 vessels, represent a decisive move to undermine President Putin's revenue sources.
Analysts view the new sanctions as a 'painful blow' for Russia, potentially rendering previously useful vessels inoperable as they will have to remain in harbors.
Experts call for sustained pressure on the shadow tanker fleet, emphasizing the necessity for coalition countries to continue imposing sanctions until it is eradicated.
Crude oil prices surged to their highest since August following the U.S. sanctions, reflecting market reactions to the renewed pressure on Russian oil supplies.
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