U.S. & U.K. Escalate Sanctions Against Russian Energy Sector, Shadow Fleet

The Biden administration announced new sanctions aimed at curbing Russia’s energy sector and its “shadow fleet” of oil tankers on January 10. The New York Times reports the move could be a final attempt to cripple the Russian economy in response to Moscow’s war in Ukraine before President-elect Trump is sworn in.

The new sanctions target more than 180 vessels from Russia’s fleet of shadow tankers used by  Moscow to evade existing oil sanctions. They also blacklist two leading Russian oil producers — Gazprom Neft an