The Biden administration imposed its broadest sanctions targeting Russia's oil and gas revenues to support Ukraine while ensuring smoother operations in the US economy.
National Security Council spokesperson John Kirby highlighted that the timing for the sanctions was favorable, as the US economy is now capable of managing market disruptions.
The sanctions specifically target Russian oil producers and traders, along with significant companies like Gazprom Neft and Surgutneftegas, marking an escalation in punitive measures.
While there was concern about high gas prices delaying sanctions previously, the current environment, with decreased oil prices and consumer costs, has allowed for these measures.
Collection
[
|
...
]