US Announces Expanded Russian Energy Sanctions
The U.S. on Jan. 10 announced a new set of sanctions against Russia’s energy sector, targeting major Russian oil producers, oil service providers and insurance companies, as well as vessels and traders moving Russian oil as part of the country’s shadow fleet. Treasury said the designations target two of Russia’s “most significant” oil producers and exporters -- Gazprom Neft and Surgutneftegas -- along with more than 180 other people, ships and traders involved in Russian oil trade.
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The Treasury Department also issued two new determinations that authorize sanctions against any person or entity with ties to Russia’s energy sector and that block the provision of U.S. petroleum services to parties in Russia. New general licenses authorize certain transactions with the designated companies and vessels.