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US imposes wide-ranging sanctions on Russian oil sector

  • The US has expanded sanctions against Russia's energy sector, targeting its oil and liquefied natural gas industries, as announced by President Joe Biden's administration on Friday.
  • These sanctions could cost the Russian economy billions of dollars per month and affect over 180 oil-carrying vessels linked to evading sanctions.
  • The UK is also implementing complementary sanctions against Russia's energy sector, focusing on major producers like Gazprom Neft and Surgutneftegas.
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  • 54% of the sources are Center
54% Center
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