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US to impose new sanctions on Russian oil tankers amid Ukraine conflict

share-iconPublished: Monday, January 06 share-iconUpdated: Monday, January 06 comment-icon2 months ago
News sources:
REUTERS
US to impose new sanctions on Russian oil tankers amid Ukraine conflict

Credited from: REUTERS

  • The Biden administration is set to impose additional sanctions on Russia concerning its oil exports amidst the ongoing war in Ukraine.
  • Sanctions will focus on tankers carrying Russian oil sold above the established $60 per barrel price cap.
  • The actions are aimed at disrupting revenue streams for Russia and include measures against Russian oil companies, over 100 tankers, and oil traders.
  • The U.S. Treasury Secretary indicated potential sanctions may extend to Chinese banks linked to trading above the price cap.
  • The sanctions come ahead of President-elect Donald Trump’s inauguration, amid concerns about future U.S. support for Ukraine.

For more details, you can read the original article here.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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