US and UK Implement Strong New Sanctions on Russia's Energy Sector
On January 10, 2025, the United States and the United Kingdom announced a series of new sanctions aimed at crippling Russia's energy sector in response to its ongoing military actions. The sanctions primarily target Gazprom Neft and other major oil companies, impacting a total of 180 Russian ships and oil entities. This decision aligns with a commitment made by the G7 to significantly diminish Russian energy revenues.
In addition to the sanctions on the energy sector, the US has also imposed restrictions on nearly 400 individuals and entities, including various oil traders and their subsidiaries. President Joe Biden remarked on the sanctions' potential to disrupt Russia's economy and military efforts, although he acknowledged they may lead to rising gas prices.
The Kremlin has condemned these sanctions, describing them as "toxic," while Ukrainian President Volodymyr Zelensky praised the measures as a substantial strike against Russia's military capabilities.
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