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US unveils sweeping sanctions on Russian oil and LNG


  • The US controls more than 180 tankers in Russia's shadow fleet
  • Gazprom Neft and Surgutneftegas sanctions
  • Biden's top official says he expects sanctions to cost Russia up to billions of dollars a month
  • Expect Russia to make every effort to evade sanctions but the costs of doing so will accrue
  • Sanctions also target dozens of traders, oilfield services and Russian energy officials

This was let out earlier and brent crude up $2.73 to $79.65.

This article was written by Adam Button at www.forexlive.com.



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