US and UK impose extensive sanctions on Russia's energy sector

Economy

1 year ago

News sources:

Credited from: INDIATIMES

The United States and Britain have announced sanctions against Russia's energy sector, specifically targeting major companies like Gazprom Neft.
The sanctions, which include over 180 oil-carrying vessels, aim to reduce funds available to support the war in Ukraine.
UK Foreign Secretary David Lammy stated that these actions would help save Ukrainian lives by depleting Russian resources.
The sanctions have led to a rise in oil prices, with expected increases in gasoline costs, though officials emphasize the broader impact on Russia's economy.
Ukrainian President Zelensky has expressed appreciation for the sanctions as an effective measure against the Russian war effort.

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