The US administration imposed tougher sanctions on Russian oil:
- targeting over 200 organizations and individuals including traders, officials, insurance companies, hundreds of oil tankers
- The UK will join the US in taking direct control of energy companies Gazprom Neft and Surgutneftegas
Through BBC (more at the link):
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Some of the measures announced by the US Treasury Department on Friday will be signed into law, meaning that the incoming Trump administration will have to involve Congress if it wants to lift them.
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Washington is also moving to severely limit who can legally buy Russian energy, and is going after what it calls Moscow's “shadow fleet” of oil tankers around the world.
This article was written by Eamonn Sheridan at www.forexlive.com.
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