US unveils broad sanctions on Russian oil and LNG


  • US sanctions more than 180 tankers in Russia’s shadow fleet
  • Sanctions against Gazprom Neft and Surgutneftegas
  • A senior Biden official says he expects the sanctions to cost Russia billions of dollars a month
  • He expects Russia to make every effort to circumvent the sanctions, but the costs of doing so will pile up
  • The sanctions also target dozens of traders, oil utilities and Russian energy officials

This leaked earlier and Brent crude rose $2.73 to $79.65.

This article was written by Adam Button at www.forexlive.com.



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