Biden Deals Blow To Putin’s War Chest? Russia Decries ‘Toxic’ New US, UK Energy Sanctions That Can…

On January 10, the US and UK imposed new sanctions on Russia's energy sector, targeting Gazprom Neft and other oil majors. The sanctions include 180 Russian ships and oil companies, fulfilling a G7 commitment to reduce Russian energy revenues. The US also sanctioned nearly 400 individuals and entities, including oil traders and subsidiaries. Meanwhile, President Biden emphasized the sanctions' profound impact on Russia's economy and war efforts, despite potential gas price increases. Russia condemned the sanctions, while Ukraine's President Zelensky praised them as a significant blow to Russia's war machine.

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